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In order to deepen financial cooperation, Li encouraged the enterprises of the two countries to settle bilateral trade in RMB, and explore the increase in the size of bilateral currency swap, saying that China will consider the establishment of RMB clearing banks in Thailand.

The SCO has various observers and dialogue partners such as Mongolia, Iran, India and Pakistan. The organization represents nearly half of the global population, it said.

The vision of such a new-type relationship "is not utopian", said Ye Zhicheng, a professor of international relations at the Beijing University."The current China-Russia ties has been a successful pilot model."

Earlier this month, China mapped out a comprehensive reform plan, which would unleash fresh opportunities for the development of its relations with Romania, Li noted.

Najib said Malaysia also stands ready to advance the development of ASEAN-China relations and promote peace, stability and prosperity in the region.