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"Companies' future output expectations remained strong, reflecting a positive outlook for the manufacturing sector for the year ahead," Wang said.

"China's reform and opening-up started with the coastal area. East China got into international trade and resources allocation earlier than the other regions, and thus had the first mover advantage to attract foreign investment and develop industrial chains," said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

"Chinese companies don't have a long heritage of going abroad. But British companies, for instance, have been doing this since at least the 1600s with the East India Company. Companies like BP and Shell are globally-minded organizations, while Chinese companies are more Chinese-centered," he says.

"Currently, the European Union has the world's biggest carbon-trading system, but China's emissions market being established is more than likely to replace the EU to become the world's biggest one," Vicky Pollard, environmental counselor in the EU delegation to China, told 21st Century Business Herald.

"China's experience provides valuable lessons to authorities in other countries which are fashioning their own pathways toward sustainable and long-term financial inclusion," it said.