BEIJING, Oct. 20 (Xinhua) -- Chinese Vice Premier Wang Yang and his Russian counterpart Yury Trutnev on Thursday pledged to boost cooperation between China's northeast and Russia's Far East.

They made the pledge during the second council meeting of regional cooperation between China's northeastern provinces and Russia's Far East.

As the China-Russia relationship is in its best period ever, the two regions enjoy rare opportunities for further cooperation, Wang said at the meeting.

Wang said China stands ready to work with the Russian side to link their policies, expand cooperation, promote connectivity, make use of existing financing platforms and improve business environments to achieve substantial results.

Trutnev, also presidential envoy to Russia's Far Eastern Federal District, said China is an important partner for Russia to develop the Far East, and Russia will make joint efforts with the Chinese side to elevate cooperation there.

Earlier on Thursday, Wang and Trutnev delivered speeches at the opening ceremony of the 1st International Industrial Capacity Cooperation Forum and the 8th China Overseas Investment Fair.