China and Singapore on Monday vowed to share their respective experiences on development and collaborate in more areas.

Chinese Vice Premier Li Keqiang met with Singaporean Minister for Defence Teo Chee Hean in the central government compound Zhongnanhai in downtown Beijing.

Li reviewed the sound bilateral relations since the two nations forged diplomatic ties in 1990, citing their fruitful cooperation in trade, investment, urban construction and environmental protection, among others.

Commenting on the global financial turmoil, Li said China would make great efforts to keep its economy on the right track, which would help stabilize the world economy.

"China will implement a flexible and prudent macro-economic policy, strive to expand domestic demand, particularly the demand for consumption, and ensure the stable and relatively fast growth of its economy."

On ties with Singapore, Li said China valued the bilateral friendly and mutually-beneficial relation.

"We would like to join hands with Singapore in more areas and share experiences of development for stronger bilateral relations."

Teo congratulated China on its recent successes, including the Beijing Olympics, Paralympics and the launch of Shenzhou-7 manned spacecraft and a spacewalk.

He proposed the two nations deepen and expand mutually-beneficial cooperation.

(Xinhua News Agency October 13, 2008)