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China says there is "deepened mutual political trust" with Tehran.
Firms from both the countries will participate in construction of a $1.3 billion transport corridor to Crimea via the Black Sea’s Kerch Strait.
China has signed 16 agreements with Ethiopia during the state visit of Chinese Premier Li Keqiang.
Li’s trip from May 4 to 11, is expected to boost ties with Africa where Chinese direct investments reached $25 billion last year.
Beijing has also indicated its support to Moscow on the issue saying a “historical” perspective is necessary.
The "Joint Sea-2014" drills in the East China Sea comes days after the US and Japan released a joint statement claiming Japanese control over the disputed Diaoyu/Senkaku Islands.
Beijing has said it will move the APEC to constitute a working group to study feasibility for this mammoth FTA.
More than hundred people have died in the violence-beset Xinjiang in the past year.
China's trade with Africa has seen a huge upsurge from $10 billion in 2000 to an estimated $200 billion in 2013.
India has earlier said it will not be a part of Obama's Asia Pivot.
