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"China attaches importance to the humanitarian assistance work carried out by the United Nations and other international agencies in the DPRK. China has been and will continue to provide necessary support and assistance," said Foreign Ministry spokesperson Hua Chunying at a daily press briefing.

"Cheap and abundant labor is the most often-mentioned comparative advantage of developing countries. However, this has not been the only reason for the robust development of China over the past four decades," said Fan, also chairman of the China Development Institute.

"China has been the second-largest life insurance market in the world, but market potential remains large as the population ages and spending on healthcare increases", Su added.

"By setting up this portfolio, we hope to develop a proof of concept that over time we will mobilize other like-minded investors to join us in cultivating an ESG market in Asia," Lee said.

"Chairman Grassley has bent over backwards to make this happen," Senator Lindsey Graham, one of the committee Republicans, said on "Fox News Sunday."