Wu Bangguo (L, Front), chairman of the Standing Committee of the National People's Congress of China, meets with Mongolian President Tsakhia Elbegdorj (R, Front), in Ulan Bator, Mongolia, Jan. 31, 2013. (Xinhua/Wang Ye)

ULAN BATOR, Jan. 31 (Xinhua) -- Top Chinese legislator, Wu Bangguo, pledged here on Thursday to advance the China-Mongolia relations of strategic partnership and bring bilateral economic cooperation to a new level.

Wu made the remarks during meetings with President Tsakhia Elbegdorj and Prime Minister Noroviin Altanhuyag.

Wu, chairman of the Standing Committee of the National People's Congress of China, told Elbegdorj that Beijing will consolidate its good-neighborliness policy, cement mutually beneficial cooperation and strive to make neighboring countries better enjoy the benefits brought by China's own development.

China, Wu said, is glad to see that Mongolia enjoys a growing economy, a stable society and that its people live a happy life. He promised that China will, as always, respect Mongolia's independence, sovereignty and territorial integrity.

China will also respect Mongolia's independent choice of its development path, as well as the domestic and foreign policies chosen by its own people, Wu said.

China appreciates that the newly formed Mongolian government identifies its relations with China as one of its foreign policy's priorities, Wu said, adding that Beijing is willing to work with Ulan Bator to push forward their relations of strategic partnership.

Elbegdorj expressed gratitude for China's support for and assistance to his country's socioeconomic development.

Mongolia, he said, attaches great importance to developing friendly relations and win-win cooperation with China. He voiced hope that the two sides could maintain high-level contacts, promote pragmatic cooperation in various fields and enrich their relations of strategic partnership.

Mongolia will firmly pursue the one-China policy, and understands and respects China's core interests.

During a meeting with Altanhuyag, Wu said China and Mongolia share a long border, and their economies are highly complementary. Since both countries are in vital stages of development, bilateral cooperation holds tremendous potential, he added.

The two sides, Wu proposed, should adopt a long-term perspective and pursue mutually beneficial cooperation aimed for common development.

They also should integrate exploration of mineral resources, infrastructure investment and financial cooperation, and initiate and complete large-scale projects that will set an example for future projects as quickly as possible, he added.

Wu said the two sides should work together to ensure the consistency in implementing policies to safeguard business cooperation between the two countries.

Altanhuyag said Mongolia will further its cooperation with China in such fields as mining, agriculture, animal husbandry, infrastructure construction and cross-border transportation. He added that Mongolia is willing to create favorable conditions for Chinese investors.

Wu also attended a ceremony to unveil the nameplate of the representative office of Bank of China in Ulan Bator on Thursday.