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"But those who survive will be very excellent, just like the survivors in the mobile phone sector."

"China and the Philippines have more possibilities in the field of educational cooperation as they can complement each other. Holding such a forum is of great significance in promoting friendship between China and the Philippines, and bringing more benefits to the people of both countries as well," said Wang Yan, director from the Department of International Cooperation of the National Institute of Education Sciences.

"China is heavily engaged in handling financial deleveraging reform, which includes the reducing of corporate debt, especially for the State-owned ones with overcapacity," said Iris Pang, an economist with banking group ING.

"China is in the international spotlight," said Yan Mei, Brunswick Group's senior partner in China. "Despite current geopolitical and commercial tensions, Chinese companies are still looking overseas to grow their markets."

"China is very advanced in biomedicine and advanced in all kinds of technologies, so exchanges between the two countries in those areas can greatly benefit both countries."