In the outgoing year, China-Latin America relations have undergone sound development, with strengthened political dialogue and increased economic cooperation.

A number of high-level exchanges highlight closer ties, including Chinese Vice President Xi Jinping's visit to Cuba, Chile and Uruguay in June and Brazilian President Dilma Rousseff's visit to China in April.

In addition, the Free Trade Agreement (FTA) between China and Costa Rica became effective in August while last month the 5th China-Latin America Business Summit opened in Peru.

All these point to a closer bond between China and Latin America, both politically and economically.

During his speech at the headquarters of the UN Economic Commission for Latin America and the Caribbean (ECLAC) in June, Xi said at the beginning of the second decade of the new century, China and Latin American countries are faced with new development opportunities and should conduct more cooperation based on mutual benefit.

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