Luxembourg Prime Minister Jean-Claude Juncker and Chinese Vice Premier Huang Ju agreed to strengthen economic and trade ties, particularly in steel and finance sectors on Sunday in Luxembourg.

At a meeting with Juncker, Huang proposed more cooperation in the high-tech sector and asked Luxembourg to help restructure China's iron and steel industry.

He asked for closer cooperation in the finance sector and encouraged Luxembourg's financial institutions to invest and open offices in China, or involve in training.

Huang invited Luxembourg's involvement in China's ambitious plans to develop its vast west and revitalize its old industrial powerhouse in the northeast, pledging to create favorable conditions for Luxembourg investment.

Juncker said he agreed with Huang's proposals and promised to share his country's experience in the iron and steel industry. He said his country is willing to have exchanges and cooperation in finance administration, legislation and training and encourages Luxembourg investment in China's west.

The two leaders also exchanged views on the current international financial situation and agreed to enhance consultations in this field.

Huang also met Grand Duke Henri. The Chinese official said bilateral relations have made strides since the two countries established diplomatic ties 32 years ago. Luxembourg, as a founder of the European Union, plays a unique role in regional and world affairs, said Huang.

The grand duke said his country attaches importance to relations with China, and expressed the hope that concrete measures could be taken to further promote bilateral cooperation.

Luxembourg is Huang's first leg of a four-nation tour which will also take him to Ireland, Turkey and Egypt.