Beijing: Lok Sabha Speaker Manohar Joshi has concluded his goodwill visit to China, with the two sides recognising the importance of stepping up bilateral exchanges at all levels to enhance mutual trust and understanding.

Joshi held meetings with Chinese President Jiang Zemin, chairman of the Standing Committee of the National People's Congress Li Peng and Premier Zhu Rongji during the five-day visit that ended on January 11.

During their talks, the two sides stressed on the importance of contribution of regular high-level exchanges, including Parliamentary exchanges, in speeding up the momentum of relationship, at the same time expressing satisfaction with the steady improvement in bilateral relations in all areas, Joshi said.

"We stressed that the two countries conduct their relations on the basis of the principles of Panchsheel, mutual sensitivity to each other's concerns and equality," the Lok Sabha Speaker, who led a Parliamentary delegation to China, said.

During his meeting with Joshi, Chinese President Jiang is reported to have said China greatly valued its relations with India and that it was satisfied with the development of bilateral relations with India after the two sides decided to establish a constructive partnership a few years ago.

PTI