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"China has endeavored to liberalize and facilitate trade and investment, safeguarded the dispute settlement mechanism, fully participated in trade policy review, and vigorously supported the integration of developing members into the multilateral trading system," Wang said.

"China has made big strides in fostering a better business environment," said Sheila Xu, associate director of global business development at TMF Group, a leading global professional services firm.

"Certainly, the second summit is not a one-off business matter," he said. Regardless of the results, more talks, and even more summits, between both nations are needed as they try to implement their agreements, he added.

"China is at the core of our strategy for future growth and our commitment in China is strong," Galjee told a media briefing during the eighth Clean Energy Ministerial in Beijing, the annual meeting of energy ministers and other high-level delegates from 24 member countries and the European Union.

"China is still 100 percent a developing country," he said. "Regrettably, some countries are taking China's positioning of developing country to make a fuss."