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China accounted for nearly 40 percent of new green bonds last year, followed by the United States, France and Germany, according to Moody's.

China Petroleum and Chemical Corp or Sinopec, one of the world's largest refiners, continued to lead its peers in net profits for three consecutive years, thanks to its refining and downstream integration advantages.

China and Russia are "in close communication" through their comprehensive strategic partnership of coordination, and the two sides are "coordinating on international and regional issues", Lu said.

China Merchants Securities said it expected the current exchanges would continue to expand after the opening of the bond connect, as some securities agencies and asset management companies in South Korea were already in talks with it to jointly develop more diversified investment products.

China also does not have the historical baggage in Africa that Western countries do. The relationship between the West and Africa since the 16th century has been dominated by gross human rights violations, notably the slave trade, killings and massive plunder of Africa's resources. Today, the West champions human rights and gives lessons to Africans on how they should behave. With the unresolved historical injustices to Africans, the moral ground for them to lecture Africa on what they do not practice themselves is detestable. African countries should seek reparations from the Western countries for the historical injustices done them either in the African Court of Justice and Human Rights or the International Court of Justice.