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Speaker U Shwe Mann said China is Myanmar's good neighbor and good friend, and the two countries share the same destiny. The Chinese side has always extended a helping hand whenever Myanmar faces difficulties, which Myanmar always keeps in mind.

Successful instances of bilateral cooperation include a joint venture between Great Wall Motors and Litex Commerce, Tianjin State Farms Agribusiness Group Company's agricultural venture in central-south Bulgaria and Sinoma's construction project of a cement plant in Varna.

The premier sees simplification of administrative approval procedures and delegation of power as important in stimulating businesses and creating a fair market environment, especially for small companies. He said private banks will also be piloted in the region.

"The international community should effectively honor its relevant commitment and strengthen its support to Afghanistan for its realization of economic development and social progress," said Wang Min, China's deputy permanent representative to the UN, at an open meeting of the UN Security Council.