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"By bringing together governmental, intergovernmental and non-state actors, the initiative expands the space of multilateralism and seeks to harness the provision of wide-ranging public goods while promoting connectivity and integration of markets and minds," said Adhere.

"China is already the world's largest exporter and is catching up with the US on import volumes. The resulting trade relationships that China develops add to its global leverage," Agence France-Presse commented recently.

"China has ample foreign exchange reserves and relatively large room for policy controls. China is capable and confident in coping with all sorts of challenges," said Wang Chunying, spokesperson for the State Administration of Foreign Exchange, at a press conference Thursday.

"China boasts advantages in technologies of exploring conventional oil and natural gas but lags behind some foreign counterparts in unconventional exploration," Lin said. "It is, therefore, necessary to promote international cooperation in the unconventional sphere."

"By his policy of opening and reform, Deng set a new path for China that brought extraordinary economic growth, improved the lives and raised the educational levels of the Chinese people, linked China more deeply with the outside world, and improved relations with the major countries of the world," said Ezra Vogel, a professor at Harvard University and author of the 2011 book Deng Xiaoping and the Transformation of China.