Beijing, September 22 (KCNA) -- China has developed its economic and trade relations with Latin America on the basis of mutual benefits, common prosperity and common development.

Foreign Ministry spokesman Hong Lei said at a news briefing on Wednesday that China and Latin America have innovated ways of cooperation, realized rapid development of trade cooperation and robustly boosted their respective economic growth.

Hong said the Latin America and Caribbean Economic Committee has acknowledged that the rapid growth of China-Latin America trade has played a positive role in helping Latin American countries deal with the world financial crisis and keep the momentum of economic growth.