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Tan said the Singaporean side is happy to become a founding member of the AIIB and will participate in cooperation within the framework. It is of great significance for Singapore and other ASEAN countries to cooperate with China in various areas, said the Singaporean president.

They agreed that the countries should be committed to safeguarding regional peace and stability, eliminating poverty, enhancing regional connectivity and economic integration, expanding trade and investment, improving self-competitiveness through mutually beneficial cooperation and enhancing people's livelihood.

He expressed China's expectation that positive and historical results could be reached at the seventh BRICS summit in July in Ufa, capital of Russia's Bashkortostan republic.

Kazakhstan is the final leg of Zhang's four-nation trip, which has taken him to Russia, Lithuania and Serbia.

Robinson said as the cost of manufacturing in China increases, manufacturers are looking to move their operations to low cost countries such as Kenya.