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As a beacon of stability, Uruguay is an attractive option for investors. The country has a population of nearly 4 million. Its middle class, at 60 percent of the population, makes up the largest proportion among all Latin American countries.

As a Chinese who has lived overseas for more than 50 years, Huang said he has "seen the power of the Chinese nation facing a crisis".

As each unit has an average construction period of 60 months and there will be a 10-month interval between the two units, the first one is forecast to become commercially operational in 2024, followed by the second unit in 2025.

As for the countries of Latin America and the Caribbean, Panama was the first to join in November 2017. In January 2018, the second ministerial meeting of the China-Community of Latin American and Caribbean States Forum was held in Chile, during which a special declaration on the initiative was approved. Also that year, 15 countries from the region signed agreements with China on the BRI; currently there are 19.

As a major unit of China's leading manufacturing company Taiyuan Heavy Industry Co Ltd, Taiyuan Heavy Industry Railway Transit Equipment has been stepping up efforts to develop the overseas market. Last year, Taiyuan Heavy Industry Railway Transit Equipment exported 56 percent of its products, worth over 1 billion yuan, to its overseas markets including North American countries, European countries, India, and Southeast Asian countries, according to the company.