BELGRADE - Developing an all-around cooperation with China is an important direction of Serbian diplomacy, Serbian President Aleksandar Vucic said on Tuesday, promising firm support for the China-proposed Belt and Road Initiative (BRI).

Vucic made the remarks when receiving China's newly-appointed ambassador to the country Chen Bo, who handed the letter of credence to the president at the Palace of Serbia.

Serbia and China are seeing "the highest level" of bilateral cooperation in history thanks to the BRI, the president was quoted as saying in a press release issued by Vicic's cabinet after the meeting.

Vucic expressed satisfaction with the intensive political dialogue and fruitful economic cooperation between the two countries, and emphasized the importance of Chinese investments for economic growth in Serbia.

Announcing his participation in the second Belt and Road Forum on International Cooperation in April in Beijing, he reaffirmed Serbia's support for the initiative, saying it promotes peace and cooperation and shows China's respect for the equality of all countries.

Chen said that the two countries, which enjoy a tradition of friendly relations, are now making progress in pragmatic cooperation in all fields, leading to great achievements, according to a press release by the Chinese embassy.

China attaches great importance to China-Serbia relations, considering Serbia as a reliable friend and an important partner, Chen said. "Bilateral cooperation promotes the economic and social development of Serbia, and benefits the further opening-up of China as well. It features mutual benefits and win-win results" with a great potential and broad prospects.

China, together with Serbia, would promote the development of their comprehensive strategic partnership under the BRI and 16+1 mechanism for cooperation between China and Central and Eastern European (CEE), Chen said.