The first cooperative initiative in the field of high technology between China and Latin America started in the late 1980s，when China and Brazil signed an intent agreement focusing on cooperation in space technology. Only 11 years later，in 1999，was the first China-Brazil Earth Resources Satellite（CBERS-1 successfully launched. The cooperation in multiple high technological fields and among many countries in Latin America just began since the inception of the 21st century. Currently high technological cooperation between China and Latin American countries have involved several fields，such as information technology，new energy technology，biotechnology and space technology，among others. But in some fields such as new material technology and precision manufacturing technology，there is huge potential for further cooperation. And the future cooperation in almost all high technology fields and among most Latin American countries may finally form a domino effect and a network effect. There will also be a system effect，which can be well handled by achieving strategic balance and formulating risk-control or risk-management mechanisms.