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"China is entering a new stage of institutional and rule-based opening up, which is more advanced compared with the opening up of the market," said Zhang Monan, a research fellow of the China Center for International Economic Exchanges.

"China is serious about further opening up and building stronger economic and trade ties with Africa," said Mark Greeven, professor of strategy and innovation at the Switzerland-based International Institute for Management Development. "While a lot of countries, especially the developed economies, are mainly focused on other parts like Europe and the United States, China seeks opportunities in emerging nations in Africa, something that will help Africa's inclusion in global trade routes."

"China is restructuring the whole industry, and reducing emissions and environmental pollutants while doing it. The importance of Song's presidency is to transfer the knowledge and experience that they have accrued in the Chinese market."

"China is willing to learn from Singapore to promote comprehensive development of bilateral relations," he added.

"China has made green finance a top priority and the impact of this effort is starting to be seen in China's transition to a low carbon economy," said Deborah Lehr, vice-chairman of the Paulson Institute.