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China and India can complement each other well, and China hopes to strengthen mutually beneficial cooperation with India to assist India's development, he said.

China and other Asian countries "should do whatever it takes, but tailored to circumstances," said Barnett, such as using central bank balance sheets flexibly to support small and medium-sized enterprises, and take advantage of the high domestic savings rate.

China and the ROK signed seven documents, witnessed by the two presidents, to boost cooperation in such areas as trade, health and agriculture.

China Telecom reported drops in its profit and operating revenue in the first three quarters of this year. [Photo/VCG]

China and neighboring countries adopt common aspirations of peaceful development, win-win cooperation, openness, inclusiveness and communication among cultures, while abandoning confrontation and conflict, a zero-sum game mentality, exclusiveness and a clash of civilizations mindset, he said.