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China-Singapore cooperation has become wide-ranging and multi-faceted over the past 25 years, with two-way trade and personnel exchanges jumping by 28 times and 25 times, respectively.

Hailing the progress in practical cooperation since the establishment of the partnership in 2011, Xi suggested the two sides further enhance political trust in each other, maintain the momentum of high-level interactions and strengthen coordination in international affairs.

China, Japan and South Korea are important players in the Asian economy. Their GDP totaled 70 percent of Asia and 20 percent of the world. Trade volume among the three countries in 2013 reached 681.4 billion U.S. dollars, exceeding China's trade volume with the European Union or the United States.

Last year, APEC members endorsed a roadmap for promoting the Free Trade Area of the Asia-Pacific (FTAAP) process at the APEC meeting in Beijing.

China's 13th Five-Year Plan, which seeks to double 2010 GDP and the per capita income of both urban and rural residents by 2020, aims to keep China's annual GDP growth rate at 6 to 7 percent, he said.