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"A huge common market with low tariffs is coming into existence. Enterprises from both countries will benefit," said Li.

China plans to lift all of its poor out of poverty by 2020. Eliminating poverty in rural areas is the most difficult challenge in building a "moderately prosperous society," according to Xi. As of the end of 2014, China had 70.2 million people in rural areas below the poverty line -- annual income below 2,300 yuan (376 U.S. dollars, 2010 rate).

Ibrahim Thiaw, deputy director of the United Nations Environment Programme (UNEP) and UN assistant secretary-general, said that South-South cooperation was emerging as a key element of the global response to climate change and many emerging economies are moving to the frontline of the international climate policy, taking a lead in defining and implementing low-carbon, climate resilient and sustainable development pathways.

Trong echoed Xi's remarks, stressing the geographic closeness of the two countries and the benefits of working together and enhancing exchanges.

The park was associated with the grand Malacca Gateway project. After China put forward the Belt and Road Initiative, which also comprises the Silk Road Economic Belt, the Malaysian government has decided to expand it as an active response to the proposal.