Chinese Premier Wen Jiabao on Tuesday presented a five-point proposal on further expanding trade and economic cooperation between China and Germany

Addressing members of the Asia-Pacific Committee of German Business here, Wen noted that the recent enlargement of the European Union (EU) is of "great significance". "The EU expansion (by 10 members to a total of 25 member states), which is of great significance to Europe, reflects the common aspirations of the Europeans in pushing forward the integration," he said. "The development of Europe is not only in the interests of Europe, but also conducive to world peace, stability and common development," said the Chinese premier who is on a three-day official visit to Germany. "China persistently supports European integration and is willing to witness the EU playing positive and constructive roles in international affairs," he added. "A stable and prosperous Europe will provide new opportunities for developing Sino-European ties," he said. "We are willing to join hands with the EU to push forward the comprehensive strategicpartnership set at the sixth meeting of Sino-European leaders last October." He said Sino-German cooperation enjoys broad prospects. China, as the biggest developing country, boasts rich labor resources and broad markets while Germany is a developed country with advanced economic and scientific standards. Both economies are complementary and have great potential for trade and economic cooperation.