In the past 25 years, ROK-China relations have undergone fast development and achieved enormous accomplishments, Moon said. The ROK would like to improve and develop those relations and expand pragmatic cooperation with China in areas like innovation, financial investment, agriculture, third-party markets, environmental protection and tourism, he said.

On Friday, after meeting with Li, the ROK president flew to Chongqing. During his stay there, Moon was scheduled to visit a Hyundai plant and the Museum of the Provisional Government of the Republic of Korea, which recounts the story of the government in exile during the Japanese occupation.

On Friday, the State Council released a notice approving the establishment of three China-ROK industrial parks, in Yancheng in Jiangsu province, Yantai in Shandong province and Huizhou in Guangdong province.

These three new parks should implement provisions of the China-ROK free-trade agreement and replicate experiences of the China (Shanghai) Pilot Free Trade Zone to build demonstration zones for strategy alignment and cooperation under the Belt and Road Initiative, the notice said.