Transnational project to be major contributor to regional integration

China is laying the tracks for the further development of Latin America and boosting relations with the region following President Xi Jinping's proposal for a Peru-Brazil transcontinental railway and the signing of a China-Brazil rail agreement.

Observers said these rail initiatives would be a major contributor to regional integration and give Latin American economies greater diversity for their exports, with the burgeoning Asian market being added to the traditional European one.