Chinese Premier Li Keqiang and Brazil President Dilma Rousseff held press briefing in Brazil in May. [Photo: Chinadaily.com.cn]

China has announced the operation of a special fund for promoting China-Latin America cooperation in production capacity starting from Tuesday.

The special fund has a 10-billion U.S. dollar scale in its first phase.

It is set to invest in a number of fields ranging from manufacturing, high-tech industries to infrastructure finance.

Chinese Premier Li Keqiang announced plans to establish the special fund during his visit to Latin America in May.

Li Keqiang also proposed the joint construction of 3 passages for logistics, electric power and information infrastructure.