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SINGAPORE, Nov. 29 (Xinhua) -- A delegation of top business leaders from the elite China Entrepreneur Club visited Singapore on Friday and Saturday to discuss potential cooperation.

This will be an arduous process, due to the large rural population and amount of farm land, but it had to be done as the transfer of land use rights must be smooth and efficient in the future, he said.

Last month, 21 Asian countries signed the Memorandum of Understanding on Establishing AIIB that was initiated by China.

Xi made the remarks during an inspection tour in eastern Jiangsu Province where he visited scientific research institutions, enterprises, countryside and farmers' houses.

The two countries should also expand cooperation in high-tech and high-end fields such as bio-pharmaceutical, new material and modern agricultural sectors, he added.