Chinese Vice Premier Li Keqiang on Tuesday pledged to speed up and expand cooperation with Myanmar on energy and transport.

Li, during a meeting with Tin Aung Myint Oo, first secretary of Myanmar's State Peace and Development Council, hailed the development of bilateral political and economic ties since diplomatic relations were established in 1950, the Foreign Ministry said in a Wednesday statement.

China and Myanmar had reached consensus on many issues regarding economic cooperation in recent years, Li said.

Tin Aung Myint Oo appreciated China's decades-long economic support, vowing to further bilateral cooperation.