Visiting Chinese Vice President Xi Jinping hailed?in Canberra?on Monday the relationship between China and Australia.

During the talks with Australian Prime Minister Kevin Rudd in the Parliament House in Canberra, Xi said the bilateral comprehensive cooperative relationship has set "an example" for countries with different political systems, cultural traditions and development stages to seek harmonious relationship and common development.

The vice president said the economic complementarity and comprehensive trade and economic cooperation between China and Australia has become an inner impetus driving the advancement of the China-Australia relations at large.

He cited that the trade volume between China and Australia still kept growth last year despite worldwide financial crisis.

The two-way investment and the expansion of cooperation fields signal that the China-Australia trade and economic cooperation is moving towards a comprehensive, multi-levelled and diversified approach, he said.

"This is a good blessing for both Chinese and Australian people, and it is also a vital element to promoting the balanced development of world economy and sustainable development," Xi said.

The talks lasted over one hour, and after the talks, the two leaders witnessed the signing of several cooperation agreements and business contracts.