China is ready to deepen cooperation with Nepal on trade, investment, connectivity and infrastructure and offer assistance within its capacity, Premier Li Keqiang said on Wednesday.

He made the remark when meeting with visiting Nepalese Deputy Prime Minister and Financial Minister Krishna Bahadur Mahara, the special envoy of Nepali Prime Minister Pushpa Kamal Dahal.

Both countries are faced with the major task of developing the economy and improving livelihood, Li said, adding that China was ready to provide support for addressing natural and post disaster reconstruction.

The two countries have enjoyed long-term mutual respect and a high degree of political mutual trust, and the Chinese side endorses the new Nepali government's calls to further develop ties with China, Li said.

China is ready to achieve new development in the two-way relationship and promote regional peace, stability and prosperity, Li added.

Mahara said the new government placed foreign policy priority upon developing ties with China and it firmly honored the One-China policy.

Nepal is willing to strengthen coordination and cooperation with China to further implement the bilateral consensus reached upon various cooperation and better achieve joint economic and social development, he added.