BEIJING, Dec. 7 (Xinhua) -- Vice Premier Wang Qishan on Monday hoped China and Germany would increase mutually-beneficial cooperation in various fields to promote bilateral relations.

"China and Germany are highly complementary in economy and share great potential for cooperation," Wang told visiting German Federal Minister of Economics and Technology Rainer Bruederle.

Hailing the China-Germany 37-year diplomatic relations, Wang said the two nations had witnessed frequent high-level exchanges and increased cooperation in economy, trade, investment, science, technology, culture and other fields.

China was in a period which witnessed accelerated industrialization and urbanization, Wang said. "We will unswervingly follow the principle of putting people first and the scientific concept on development to seek sustainable development."

Bruederle said Germany would work with China to expand bilateral cooperation, in a bid to promote healthy and stable development of trade and economic relations between the two nations.