PHNOM PENH - Premier Li Keqiang on Wednesday called on five nations living on the Lancang-Mekong River to consolidate political will and deepen economic ties to promote regional peace and sustainable development.

China is willing to work with others to strengthen the Lancang-Mekong Cooperation (LMC) as China benefits from regional stability and its neighbors are beneficiaries of China's economic vitality, Li said at the second LMC leaders' meeting held in the Cambodian capital of Phnom Penh.

With a theme of "Our River of Peace and Sustainable Development", the meeting brings leaders of China, Myanmar, Laos, Thailand, Cambodia and Vietnam to the table, discussing issues such as connectivity, water management and industrial production capacity.

The LMC mechanism has produced better-than-expected progress over the past two years as the countries moved forward with the principle of equality, inclusiveness and put development as a priority.

With progress and results delivered daily, monthly and annually, a truly remarkable LMC speed has been created, and a defining LMC culture featuring equality, sincerity, mutual assistance and kinship has been established, Li said.