"China is satisfied with the bilateral relationship and appreciated Zambia's support in international affairs," Hu said.
On developing China-Zambia relationship, Hu proposed to both cement a political relationship of sincerity and trust as well as support each other on major issues concerning the core interests.
On the economic front, Hu said China would work with Zambia to carry out cooperative projects on schedule and launch new programs step by step. He called for the two countries to expand cooperation in agriculture, mineral resources, infrastructure, among others.
Hu said China would support businesses with a strong capacity and good qualifications to invest in Zambia.
Banda echoed Hu's views, saying his country would work more closely with China in the areas of infrastructure, agriculture, transportation, minerals, education and culture.
Hu and Banda agreed that the two countries would step up coordination on global issues like financial crisis, climate change, food security and poverty eradication.
On China-Africa relations, Hu said China would make efforts to implement the new measures it committed to help the African continent last November, including favorable loans, technology programs.
Banda said China's package of measures to help Africa was of landmark significance and going smoothly. He said Africa regarded China as an important strategic partner and would keep the relationship on track.
After their hour-long talks, Hu and Banda witnessed the signing of several cooperative documents ranging from economy to culture.
Banda's entourage included ministers of foreign affairs, finance, state planning, commerce, mineral resources, tourism, environment.
Banda will meet with other Chinese leaders on Friday before going to south China's Guangxi Zhuang Autonomous region and economic powerhouse Guangdong.