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"By 2020, the bank will enter its fifth year of operations, with 100 approved members and .5 billion in investments for 45 projects in 18 countries," said Alexander.

"But to participate in China they will have to be competitive in China and being competitive in China means being as innovative, as productive and digital as Chinese enterprises are," Woetzel said.

"Charity organizations enjoy favorable tax policies because they are established for a public purpose. Therefore, they have a duty to disclose their information to the public in a timely manner," he said.

"By his policy of opening and reform, Deng set a new path for China that brought extraordinary economic growth, improved the lives and raised the educational levels of the Chinese people, linked China more deeply with the outside world, and improved relations with the major countries of the world," said Ezra Vogel, a professor at Harvard University and author of the 2011 book Deng Xiaoping and the Transformation of China.

"China has developed rapidly over the years, but over the next five years, we would expect it to develop even more rapidly on the back of more and more innovation," he said.