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China is Malaysia’s largest trading partner and bilateral trade is expected to hit $70 billion by 2014.
The agreements could help Jakarta improve the prospect for foreign direct investments.
Chinese President Xi Jinping said he envisions “a community of common destiny with members of the ASEAN”.
The non-manufacturing purchasing managers' index (PMI) rose to 55.4 per cent in September.
Bilateral trade between the two nations reached $66.22 billion last year, four times that of 2005.
Choking smog engulfed some of China’s major cities earlier this year.
The Chinese premier said the world’s fastest growing economy is still confronted with many challenges.
If the deal goes through it would be the first time China has sold air defence weapons to a NATO member.
President Barack Obama and Iranian President Hassan Rouhani had a historic telephone conversation last week.
Rescue efforts had been hampered by strong gales and high waves, according to local authorities.
