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"China is a rising power in the IT industry and has a huge potential market," he said. His company has signed three cooperation projects in Hainan.

"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 already a leader in e-commerce in many ways, especially in online payment that enables consumers in big cities to pay with mobile phones. Everything from supermarket shopping to utilities and taxi fares can be paid via an e-wallet," he said.

"China is a country vast in size and with diversified demands, still industrializing and urbanizing. There are a lot of resources and capacities that could be put to better uses," Li said.

"China is a great market for us, massive demand and huge potential. Beyond a great market, China is dragging new technologies into practical applications," Tam said.