On the afternoon of 15 November local time, President Xi Jinping met with President Yoon Suk-yeol of the Republic of Korea in Bali. 

President Xi pointed out that China and the ROK are close neighbors that will always live next to each other and cooperation partners that cannot be separated. The two countries shoulder important responsibilities in maintaining peace of the region and promoting prosperity of the world, and they also have broad converging interests. This year marks the 30th anniversary of China-ROK diplomatic relations. What happened in the past three decades shows that the sound and steady development of China-ROK relations serves the fundamental interests of both peoples. China is ready to work with the ROK to uphold, consolidate and further develop the bilateral relationship and to provide greater stability for the region and the world. 

President Xi stressed the need for the two sides to increase strategic communication and political mutual trust. With their economies highly complementary, China and the ROK need to enhance alignment of development strategies and work for common development and prosperity. The two sides need to accelerate negotiations on a bilateral Free Trade Agreement, deepen cooperation in such areas as high-tech manufacturing, big data and green economy, jointly uphold the international free trade system, keep the global industrial and supply chains secure, stable and unclogged, and oppose politicizing economic cooperation or overstretching the concept of security on such cooperation. China is ready to work with the ROK to promote cultural exchanges and cooperation, scale up communication and coordination at the G20 and other fora, jointly practice true multilateralism and safeguard overall peace and stability in the region. 

President Yoon expressed readiness to take the 30th anniversary of ROK-China relations as an opportunity to develop a mature relationship based on mutual respect and mutual benefit, which is in the common interests of both countries. The ROK hopes to maintain interactions with China on various levels, step up people-to-people exchanges, enhance friendship between the two peoples, uphold the free trade system and jointly tackle global challenges.

Ding Xuexiang, Wang Yi and He Lifeng were present at the meeting.