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They urged enhanced international financial supervision and accelerated reform of international financial institutions.

Dukanovic said China is welcome to join Montenegro's industrial park and Bar harbor projects, a port in the coast of the Adriatic Sea.

All sides agree that China is resolute in reform and opening-up, said Wang, adding that the world's second-largest economy will enjoy higher quality of growth and better future of development after going through adjustment, which heralds new and greater opportunities for the world.

The economic and trade forum has already been convened four times. Together with the Meeting of Heads of Government, the forum witnessed the growth and fruitful results of the 16+1 cooperation. It has become not only a bond and bridge of friendship but also an important platform for economic and trade cooperation between China and Europe. Despite the weak global economy and sluggish world trade, practical cooperation between China and CEE countries has kept a good momentum. Two-way trade in 2014 exceeded 60 billion U.S. dollars, setting a new record, and China's import from CEE countries rose by 77.4 percent from the 2010 level. Both figures signify a high degree of mutual political trust between the two sides as well as the immense potential in our trade and investment. Investment in both ways is steadily growing. Chinese companies are very eager to invest in CEE countries. Their investment stock in CEE countries has surpassed 5 billion U.S. dollars, and their destination countries and investment modalities have become more diverse. Businesses from CEE countries are also investing in more sectors in China. Major cooperation projects are moving ahead steadily. Forty percent of the total business generated by contracted projects undertaken by Chinese companies in Europe are in CEE countries. The Belgrade bridge over the Danube has been completed and opened to traffic, marking the completion of the first major project undertaken by China in CEE countries. Other projects undertaken by Chinese companies such as power plants, highways and flood prevention works are moving ahead rapidly. There is an old saying in China, "Those who don't think, acquire nothing; those who don't act, achieve nothing." Indeed, such achievements would not have been possible without the strong support from the governments and the pioneering and unremitting efforts of the business communities and business leaders of both sides.

Seoul and Beijing signed their bilateral FTA in June after three years of negotiations. The two countries agreed to eliminate tariffs on more than 90 percent of traded goods each other within 20 years after implementing the deal.