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As a traditional home appliance giant, TCL has announced strategic adjustment and will shift its focus to semiconductor display, material and other emerging businesses. The two sides are complementary to each other, as Xiaomi has the capacity for research and development and design capabilities, while TCL has rich experience in supply chain and production.

As a representative of China's private companies, Li said China's ongoing industrial upgrading boom will push innovative companies to seek bigger space in the market.

As early-stage education is not part of the country's compulsory education system, industry insiders expressed concerns over lack of the much-needed regulation, particularly with regard to qualifications of teachers.

As a broad framework for collaboration among countries of the South, South-South Cooperation helps developing countries share knowledge, skills, expertise and resources to meet their development goals through concerted efforts.

As dozens of countries have joined the initiative, China has become "a major center of attraction" for all the people who wish to achieve development, said Mahmoud Raya, director of the "China in Arab Eyes" news website in Lebanon.