China's economic cooperation with Latin America is accelerating due to the country's expanding domestic demand and the region's economic restructuring, according to the Ministry of Commerce.

"Latin America is a vibrant and promising market. China and Latin America highly complement each other economically," a ministry official said.

"China's huge domestic market has a great future, while Latin American countries are restructuring their economies and boosting infrastructures. This is not only an important base for further expanding China-Latin America economic cooperation, but also the biggest advantage for cooperation in the near future."