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After the Cold War, the Asia-Pacific region has largely gotten rid of the threat of war and its vigor and vitality has grown. That has been especially true in recent years when the world has been facing an economic slowdown and the region has offered promise as a global growth engine.

"The summit is a success as it has again showcased the cooperative partnership among BRICS countries, delivered a positive message to the world that BRICS is a united grouping aimed at win-win cooperation, and the meeting has successfully advanced cooperation among member countries," said Chinese delegation spokesman Qin Gang.

But energy consumption can be effectively lowered by constructing green buildings. A preliminary study showed that an amount of energy equal to 45 million tonnes of standard coal can be saved by building energy-efficient buildings during the 2011-2015 period, according to Zhang.

Clinton and Geithner agreed cooperation between enterprises is the major part of China-U.S. relations. They said U.S. companies wish to increase exports to China and have better access to the Chinese market.

The move marks the first step in the country's efforts to preserve and increase the value of its vast, locally-managed pension funds, which were previously parked in banks or used to purchase treasury bills with low returns.