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"China is working to give full play to its domestic market, the largest in the world, and building a new model of development in which domestic economic networks play the primary role, and domestic and international economic networks complement each other. China will stay committed to further reform and opening up and will make new contributions to stabilize the world economy and advance globalization," he said.

"China has made big strides in fostering a better business environment," said Sheila Xu, associate director of global business development at TMF Group, a leading global professional services firm.

"China has been investing in infrastructure in South America for a while," Leeds said. "So, from our perspective, we don't think that's news - just additional competition. Brazil and Argentina still have a long way to go, but these investments are certainly closing the gap on their ability to compete with the US."

"China has a relatively short history of focusing on and supporting the basic science," said Yan, which results in not enough labs — especially those excelling in their fields — for researchers to choose.

"Children living in poverty are prone to low self-esteem. They consider themselves inferior to others," said Leung, adding that reading means knowledge and growing intelligence, and intelligence gives children self-confidence and equips them for future challenges, whether in their studies or in life.