China has set an example to the developing countries with its successful economic development which deserves Venezuela's drawing on the experience, said Venezuelan President Hugo Chavez on Monday in Caracas.

Chavez made the remarks at a ceremony marking the 30th anniversary of the establishment of diplomatic relations between China and Venezuela. He said China, once an impoverished and backward country, has made significant achievements in such fields as industry, agriculture, science, technology and education.

China's experience in development would provide beneficial reference to the acceleration of Venezuela's economic development, he said.

Over the past 30 years, said the president, the two countries have made consistent efforts to lay a solid foundation for the further development of friendly relations.

Chavez said bilateral relations have developed rapidly in the past five years, especially in fields of agriculture, energy, science, technology and infrastructure. He noted that cooperation in these fields will create a bright prospect for more extensive and comprehensive cooperation in the future.

The president also said his government will stick to the one-China policy and he wished greater success for China's economic development.