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The upgrade of the FTA will bring real benefits to the people and companies of the two countries and send a strong signal of further expanding trade and investment, Lee said.

Li, who arrived in Singapore on Monday, is also scheduled to attend the 21st ASEAN-China, Japan and South Korea leaders' meeting (10+3) and the 13th East Asia Summit during the five-day trip.

"The past 40 years have witnessed tremendous achievements in China's development and remarkable improvement of people's livelihood, from shortage to abundance, from poverty to moderate prosperity," Xi said.

During the sixth session of the Arab-China Cooperation Conference on Energy from Nov. 5 to 8, the two sides highlighted the significance of the ongoing energy projects carried out by Chinese corporations in Arab states, as well as opportunities for further Arab-China collaboration.

China has taken concrete actions this year to support Argentina maintaining financial stability and has faith in Argentina's growth prospects, he added.