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"China is part of the global economic order; it has a vast array of investment, relationships and trading relationships all around the world," said Hormats.

"China expects this year's AELM to send a clear and positive message in supporting the multilateral trading system, promoting free and open trade and investment, and opposing protectionism, so as to inject vigor and strength into the global economy," Lu noted.

"China is open to different ideas. It does not just want to put its own ideas forward, but also wants to listen to others. It is about what countries can do in cooperation with each other, jointly, bilaterally and multilaterally."

"By signing the agreement, both nations can obtain more information and have a better understanding of each other's markets," said Toshihiro Iwasaki, chairman of the Japan Investment Trusts Association.

"China has to reduce investment in coal-fired power plants while satisfying its increasing need for energy, which could be challenging," she said.