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"Chinese software developers have grown to be a very admirable community of innovators and they are leading the world in terms of app downloads and revenue," she said in an interview with China Daily.

"China used to lag behind those developed countries in terms of participating in the global competition (for infrastructure projects). And now we need to ramp up the efforts to target overseas markets and learn from leading countries."

"Countries like Australia, for example, could gain from developing financial services and education for the region. Without India you could see the Philippines gain with its business process outsourcing. Countries like Vietnam, Thailand and Indonesia could see gains in manufacturing."

"China-Singapore cooperation has now been deepened with the launch of the Suzhou Industrial Park and other initiatives. Singapore has established economic and trade cooperation mechanisms with eight Chinese provinces and cities, including Shanghai and Guangdong," said Han Xiaoyong, Chinese ambassador to Singapore.

"Chinese universities offer a wide range of high-quality programs but charge affordable tuition fees. With many scholarships available, their courses are even the most affordable options among leading universities in the world," he says.