China to strengthen co-op with Brazil to fight crisis

First, both sides should soundly carry out high-level exchanges. The Chinese side welcomes Lula to pay a state visit to China again next month, Hu said.

China will work with Brazil to start drafting "a joint action plan" as soon as possible, which will guide bilateral cooperation in various fields, he added.

Second, both sides should make efforts to push forward trade and economic cooperation, which is of great significance in addressing the current financial crisis, said the president.

Both countries should continue working on major joint projects on natural gas pipelines, thermal power station and regional aircraft, and establish strategic cooperation in the energy sector, he said.

Potentials for cooperation should be further tapped, and cooperation fields should be expanded so as to promote the sustained, sound and steady growth of economic and trade relations, che added.

Third, the two countries should conduct closer multilateral cooperation, Hu said, adding that China is ready to strengthen communication and coordination with Brazil within such frameworks as the BRIC nations and the G20, and conduct strategic cooperation in major issues such as fighting the global financial crisis, addressing climate change and achieving the UN Millennium Development Goals.