As China's domestic demand expands and Latin America undergoes economic restructuring, the two sides' trade and investment activities are diversifying, the Ministry of Commerce said on Thursday.

The economies of China and Latin America, which is a vibrant and promising market, highly complement each other, said ministry spokesman Sun Jiwen.

"We have noticed that more merger and acquisition activities have been carried out by Chinese companies, not only in Latin American countries' energy and commodities sectors, but also extending to agricultural, cultural, financial and information service businesses," he said during a news conference in Beijing.