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MANILA, Nov. 21 (Xinhua) -- The following is the full text of a joint statement China and the Philippines issued Wednesday during a state visit by Chinese President Xi Jinping to the Southeast Asian country.

24.Both sides exchanged views on issues regarding the South China Sea, and reaffirmed that contentious issues are not the sum total of China-Philippines bilateral relations and should not exclude mutually beneficial cooperation in other fields. Both sides also reaffirm the importance of maintaining and promoting regional peace and stability, freedom of navigation in and over-flight above the South China Sea. Both sides stay committed to addressing disputes by peaceful means, without resorting to the threat or use of force, through friendly consultations and negotiations by sovereign states directly concerned, and in accordance with universally recognized principles of international law, including the Charter of the United Nations and the 1982 UNCLOS.

Both sides should actively implement the recently-signed memorandum of understanding (MoU) to jointly build the China-Myanmar Economic Corridor, improve related plans and push forward major projects, Wang noted.

The consensus, along with agreements on boosting bilateral cooperation in innovation and other areas, was reached in talks here between visiting Chinese Premier Li Keqiang and Singaporean Prime Minister Lee Hsien Loong.

The two sides will promote and replicate successful experiences from the three projects so that they play a demonstration and leading role, it said.