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"Capable people are in high demand and so is pay. However, the situation is different from that in the 1990s. At that time, you couldn't find people with real management experience in private companies. Now, you can find capable leaders with enough energy and the drive to do things. With the economic boom in China, every company is competing for talents."

"By genuinely engaging with international institutions and foreign partners, it could contribute to bringing economic and broader institutional development to countries which, until now, have not seen much of either," said Berglof.

"But they should also keep a check on some unprofessional teachers," she said.

"China is transforming its economy into one driven by consumption, services and innovation and many industries in the two countries, particularly the services sector, can complement each other's advantages," he said.

"China has already commenced rolling out the 5G networks and the massive market scale it brings for the entire industry will make 2020 the breakout year for 5G," said Peter Richardson, research director at Counterpoint Research.