China and Indonesia signed a memorandum of understanding (MOU) on Saturday concerning cooperation in the energy and mineral resources sectors.

Chinese Vice Premier Huang Ju and visiting Indonesian President Susilo Bambang Yudhoyono attended the signing ceremony held at the second Sino-Indonesian energy forum, which opened in Shanghai on Saturday.

Huang said the forum will create a favorable environment for strengthening bilateral energy cooperation and the improved dialogue mechanism will help deepen mutual understanding and expand cooperation.

Win-win economic cooperation is the foundation of the strategic partnership between China and Indonesia, he said.

Both China and Indonesia have made remarkable achievements in the energy sector since the first energy forum was held in Bali on September 25, 2002, the vice premier added.

Huang said the Chinese and Indonesian peoples have a long history of friendly relations. Bilateral ties have progressed remarkably since the two countries established diplomatic relations 56 years ago.

Bilateral ties entered a new phase after Chinese President Hu Jintao signed a strategic partnership with his Indonesian counterpart Susilo during a state visit to Kuala Lumpur last year, Huang pointed out.

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