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"China used to be a kingdom of bicycles. We just offered a solution in tandem with the government's policy and also the people's willingness to change their lifestyles. This, in fact, is behind our success," Hu said on the sidelines of the UN Environment Assembly meeting.

"Chinese labor is no longer involved now, having been replaced by Mexican or Latino farm worker population," Moy said. "But back then the majority of those who plowed the American fields were Asian – Chinese, Japanese, Filipino, Korean. … Coming from the food-growing areas in southern China's Pearl River Delta, the Chinese immigrants took their rich knowledge in crop cultivation to California and elsewhere in the US."

"China's shale gas production is still expanding despite the energy price crash," said Li Ziyue, an analyst with BloombergNEF.

"Competition between countries is intensifying in strategic emerging industries such as semiconductors, telecommunications and supercomputers. Whoever seizes the market opportunity will have the first-mover advantage and gain large-scale profits," said Guo from the CASTD.

"China's continued economic growth and the expanding middle-income earners will also make the country a profitable market for South American companies," he said.