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(Xinhua reporters Yang Yijun, Wang Huihui, Zang Xiaocheng in Beijing and Wang Wen in Manila, also contributed to the report.)

Youth exchanges, as an important component of cultural and people-to-people exchanges between the two countries, represent the future of bilateral relations, Li said when addressing the first China-South Korea Young Leaders' Forum.

Last year, 10 million trips were made between China and ROK. More than 1,000 flights travel between the two countries every week.

SINGAPORE, Nov. 7 (Xinhua) -- China and Singapore aim to lift up their already-close ties with a new strategic framework and through more practical cooperation, as Chinese President Xi Jinping ended a two-day visit to the city-state on Saturday.

The Chinese economy is moving steadily in the right direction. This trend will not change. In our vigorous efforts to promote structural reform and adjustment, we are working to foster twin engines of growth, i.e. promoting mass entrepreneurship and innovation and increasing public goods and services. We will unlock the dynamism of market players and creativity of the society by taking new approaches to streamline administration and delegate power, strengthening regulation and improving government services. The Chinese economy has great resilience, huge potential and ample room for readjustment. The upgrading of consumption of over 1.3 billion Chinese people will generate the largest market demand the world has ever seen. Parallel progress in the new type of industrialization, IT application, urbanization and agricultural modernization will further expand the space of development.