China and Brazil hold the first strategic dialogue on Nov. 29, according to the sources with the Chinese Foreign Ministry on Friday.

Vice Foreign Minister Li Jinzhang and his Brazilian counterpart Roberto Jaguaribe Gomes de Mattos presided over the dialogue.

The two sides agreed that both China and Brazil are the developing and major powers of the world, and the strategic dialogue will promote mutual understanding and the bilateral ties and play an important role in enhancing south-south cooperation and peace and prosperity of the world.

They said the dialogue is fruitful, and the two sides will realize the agreement of the leaders of the two countries to push forward the long-term, healthy and stable strategic partnership between the two countries.

The two sides also exchanged views on major international and regional issues.

Foreign Minister Yang Jiechi met with Brazilian Deputy Foreign Minister Roberto Jaguaribe Gomes de Mattos on Friday.

(Xinhua News Agency December 1, 2007)