Premier Li Keqiang said the development in the bilateral trade volume between China and the Republic of Korea (ROK) is happening at record speeds, a rare find in today’s global economy.

At a lunch meeting with corporate leaders from ROK on Nov 1, the Premier said China has had diplomatic relations with the ROK for more than 20 years, and the bilateral foreign trade volume reached nearly $300 billion during the period, an increase of approximately sixty-times.

China is willing to expand future bilateral economic trade cooperation between the two countries, he said.