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He cited that Chinese economy expanded 6.9 percent in the first three quarters of this year, which contributed as high as 30 percent to the global growth although the third-quarter figure -- also 6.9 percent -- posted the lowest reading in six years.

Moreover, experts believed that South Korea, faced with its own increasing debts, hopes to solve its financing problem both domestically and abroad, obtain important information to enter third markets, and enhance its ties with China and its neighboring countries -- all through the AIIB.

Ma declared that the conflict and confrontation between the two no longer exist, calling on both sides to resolve their disputes through peaceful means.

The premier also voiced his hope that the young people of the two countries will deepen friendship and connect their dreams for innovation and entrepreneurship, so as to grow into a vital force for practical cooperation in various fields between China and South Korea.

Taiwan-based Economic Daily wrote in an editorial that the two sides crossed over "the deep gorge left over by history" and their relations took a big step forward.