Li, who is on an official visit to Brazil, made the remarks during talks with Brazilian President Dilma Rousseff in Brasilia.
Both China and Brazil are major emerging economies and the largest developing countries in the eastern and the western hemispheres, respectively, said Li.
Strengthened cooperation between the two nations are conducive to promoting their respective national development, maintaining the overall developing momentum of the emerging markets and advancing global recovery, he said.
He suggested the two sides develop a roadmap for industrial investment cooperation based on the framework agreement on industrial capacity investment and cooperation, so as to build an updated version of their mutually beneficial cooperation.
The industrial investment cooperation should focus on areas of railway, mining, electric power and equipment manufacturing, said the premier.
He urged substantial progress in building a railroad connecting South America’s Pacific and Atlantic coasts as well as enhanced industrial chain cooperation in clean energy, iron ore and agriculture.
He called on the two countries to enhance cooperation in oil and gas exploration and exploitation, petrochemical equipment and shipbuilding trade and investment.
China supports its enterprises to expand investment in Brazil and share experiences and technology with their Brazilian partners, said Li.
To facilitate bilateral cooperation, he suggested the two sides further strengthen cooperation in the settlement in local currencies.
The premier also called for more exchanges and cooperation in the field of science, culture, education, tourism and youth between the two countries.
China is ready to work with Brazil to push forward China-Latin America Comprehensive and Cooperative Partnership and beef up strategic coordination within the multilateral framework of the United Nations, the Group of Twenty, the BRICS and the BASIC countries, to jointly safeguard the solidarity and interests of developing countries, said Li.
Rousseff said Brazil-China ties have scored great progress through the joint efforts of the two nations, which also benefit the relations and cooperation between Latin-American nations and China.
Li’ s visit marks an important moment in bilateral ties, she said, adding Brazil is willing to work with China to deepen cooperation in infrastructure construction, finance, telecommunication, agriculture, energy, aviation and aerospace.
She called on the two sides to enhance industrial capacity cooperation and jointly carry out research on the building of the railway connecting the Brazilian Atlantic coast with the Peruvian Pacific coast.
She urged the two countries to take up the opportunity of the signing of a joint action plan to lift bilateral ties to a new height.
Brazil will maintain close communication and coordination with China on major international and regional issues to jointly safeguard the interests of the developing world, said the president.
After their talks, the two leaders signed the 2015-2021 joint action plan between the two countries and witnessed the inking of 35 cooperative documents covering areas of industrial capacity, infrastructure construction, finance, aviation, agriculture, new energy, telecommunication, science and technology.
The two sides issued a joint statement between the governments of China and Brazil as well as a joint statement on climate change.
Brazil is the first stop of Li’s four-nation Latin America tour, his first to the region since he assumed premiership in 2013. Besides Brazil, Li will also visit Colombia, Peru and Chile.
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The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily