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To deepen reforms, governmental functions should be transformed, while industrial upgrading should be boosted through growing new competitive strengths, it said.

The expert said the agenda also featured the role of the government and the relationship between the government and the market, in order to facilitate a greater role for the market, reduce the government's intervention in micro-economic decision making, and reverse the situation that the government intervenes too much but doesn't regulate effectively.

The two sides also agreed to promote cross-border and maritime cooperation and jointly safeguard peace and stability in the South China Sea based on the consensus reached by leaders of the two countries and the China-Vietnam comprehensive strategic cooperative partnership.

Feng Zhongping, vice president of the Chinese Institute of Contemporary International Relations, said Romania has adopted a balanced policy when developing its foreign relations -- attaching importance to relations both with Western countries and with China.

Shimomura suggested the three countries select a "Cultural Envoy of East Asia" to not only promote cultural exchanges among citizens of the three countries, but also introduce the splendid culture of East Asia to the global audience.