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Ruan Zongze, executive vice president of the China Institute of International Studies, said: "BRICS cooperation has not only helped the countries themselves, but enhanced the right to speak on global issues for all developing countries."

"The Chinese government has business-friendly incentives and policies for high technology companies and is proactive and helpful," said Laxton. "The supply chain in China supports our business and allows us to create and manufacture products that are competitive on a global stage."

A total of 32.73 million U.S. dollars will be granted to cities including Beijing, Tianjin, Ningbo, Nanchang and Shenzhen via the institution's trust-funded program on environmental protection, named the Global Environment Facility (GEF).

"We must make sure the policies cutting fees and taxes are fully implemented. Government supervision should be in the form of standardized random check, which is more of an international practice and more effective," he said.

"I would say that we have learned from China's experience to push sustainability as a core of the lending process," he added.