China and the Philippines on Thursday pledged to improve economic ties through cooperation.
During a meeting with Philippine President Rodrigo Duterte at the Great Hall of the People, Chinese Premier Li Keqiang said China and the Philippines had a sound foundation and great potential to coordinate strategies related to improving the economy and people's living standards.
China is ready to increase cooperation with the Philippines in areas such as connectivity, infrastructure construction, production capacity, agriculture and finance, and further promote trade and investment, Li said.
Speaking highly of China's achievements in social and economic development, Duterte said the Philippines would like to deepen cooperation with China in various fields and learn from China's experience of poverty alleviation and economic development.
In a China-Philippines Trade and Investment Forum at the Great Hall of the People, together with Chinese Vice Premier Zhang Gaoli, Duterte said both countries share similar culture and thinking patterns.
The Philippines appreciates China's sincere assistance and respect of the Philippines and other countries, said Duterte, adding his country has put developing relations with China as one of its foreign policy priorities.
He said he welcomes China to further expand investment in the Philippines and would implement the consensus reached with Chinese leaders during this visit.
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