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Amazon’s biggest retail competitor, Walmart, is also pursuing sustainability objectives. By 2025, Walmart plans to power half of its operations with renewable energy. It has already reached 28 percent.

Among other achievements, the plant has attracted dozens of automotive suppliers to the city, which has resulted in investments of 5 billion yuan and brought a large number of skilled technicians.

American companies take a long-term view of the relationship and they generally have a positive view about the opportunities here in China, said Matthew Margulies, vice-president of the US-China Business Council China Operations, in Shanghai on Thursday.

Among the 12 million users who bought Waterdrop insurance products, 90 percent said it was their first time to buy insurance online. And 73 percent are willing to buy Waterdrop insurance products once more, the company said.

Among the institute's major tasks is to guide enterprises to attach more importance to environmental protection, enhance environmental management and promote joint research on green development, climate change, biodiversity protection and green finance, said Zhou, who is also the institute's executive director.