Chinese Premier Wen Jiabao and Russian Prime Minister Vladimir Putin held talks in St. Petersburg, Russia Monday on major issues of common concern, including bilateral relations and the current international political and economic situation.

Chinese Premier Wen Jiabao (L) meets with Russian Prime Minister Vladimir Putin in St. Petersburg, Russia, Nov. 7, 2011.

Wen said the two countries in recent years have witnessed frequent high-level exchanges, growing political trust, fruitful economic and trade cooperation, and close coordination in international affairs.

In face of complicated international political and economic situations, China and Russia, as neighbors and world powers, should further strengthen their strategic coordination and consolidate friendship, Wen said.

Sound China-Russia relations are not only in line with the fundamental interests of the two peoples, but also of significance to global peace and development, he added.

Both China and Russia are in favor of diversity of the world and against dominance of world affairs by any power or group of powers, Wen said.

China hopes that the two countries could support each other, help each other and join hands to meet challenges, said the Chinese leader. The two countries should work together to push for the democratization of international politics and for a new fair and just international political and economic order, he said.

Wen noted that both economies are in good shape and have respective advantages. Russia owns advanced technology and rich natural resources while China enjoys a good momentum of development and serves as a huge market. The two countries could make use of each other's advantages and carry out long-term mutually beneficial cooperation.

The two countries should seize the opportunity and strengthen planning and coordination to further promote cooperation in trade, investment, finance, science and technology, he said. Cooperation in these fields would bring tangible benefits to the two peoples, boost the countries' competitiveness and international influence and help with world economic recovery and growth, Wen said.

Putin highly valued relations between Russia and China, saying frequent exchanges between the two countries' leaders have fostered a high level of political mutual trust and facilitated the development of bilateral ties.

Cooperation between the two countries in politics, economy, culture and international affairs has reached an unprecedented level, he added.

The two countries have broad common interests and face same challenges, said Putin. Therefore, the advancement of their comprehensive strategic partnership of cooperation is of strategic importance both to the two countries and to the whole world, Putin said.

Russia is willing to work with China to implement consensus reached by the two countries' leaders, continuously strive for new progress in bilateral ties and contribute to world peace and development, he said.

The two leaders met bilaterally after a meeting of the prime ministers of the Shanghai Cooperation Organization member states.