Peruvian President Alejandro Toledo Manrique said Thursday in Lima that he is satisfied with Peru-China relations, saying the ties are in the best period of the history.

During his meeting with visiting Chinese Vice President Zeng Qinghong, Toledo said he and Chinese President Hu Jintao have reached a broad consensus and it is being implemented in an active way.

Bilateral political relations are good and economic and trade ties are close, he said, adding Peru has recognized China's full market economy status, and bilateral exchanges and cooperation in the cultural, scientific and technological fields have helped promote understanding of the two peoples.

He also reiterated that Peru will continue to stick to the one-China policy.

Toledo hoped that the two countries would expand and deepen cooperation, especially in the fields of investment, infrastructure and tourism.

The Peruvian president said he is confident of the future Peru-China ties and will continue to work for the overall development of the relations.

Zeng, for his part, said bilateral relations have developed smoothly since the two countries established diplomatic ties.

The two countries have remarkable cooperation in various fields and support each other on international affairs, said Zeng.

The Chinese vice president also expressed his appreciation to Peru's understanding and support on the issues of Taiwan and human rights.

The China-Peru ties have entered a new phase and seen new momentum of development, as both sides have built a partnership of all-around cooperation, he said.

Zeng said the two sides would continue to cooperate in politics, economy, culture, science, tourism and world affairs.

On economic and technology cooperation, Zeng said China has become Peru's second largest trading partner and third largest overseas market, adding that Peru is China's second largest destination of investment in Latin America.

Both sides should continue to boost bilateral trade in a sustainable and balanced way, expand investment and advance mutually beneficial cooperation, Zeng said, adding bilateral ties have broad prospects if the two governments and the business circles make due efforts.

After the meeting, the two leaders attended a ceremony, during which eight cooperation accords between the two countries were signed.

Zeng flew to Lima from Mexico Wednesday afternoon at the invitation of Peruvian Vice President David Waisman Rjavinsthi. Peru is the second leg of his five-nation visit to Latin America and the Caribbean, which will also take him to Venezuela, Trinidad and Tobago and Jamaica.

Zeng is also scheduled to attend the opening ceremony of the first ministerial meeting of the China-Caribbean Economy and Trade Cooperation Forum 2005 on Feb. 2 in Kingston, capital of Jamaica.