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Another report released by the SIC earlier this year showed China's sharing economy saw transactions worth 2.94 trillion yuan last year, up nearly 42 percent year-on-year.

Apart from the discussions, the forum also presented several scholars with the Award for Outstanding Contributions to China Studies in recognition of their accomplishments in the academic discipline. Recipients included Nicholas Platt, president emeritus of the Asia Society in the United States; Hamashita Takeshi, research department head of Japan's largest Asian studies library Toyo Bunko; Kristofer Schipper, a member of the Royal Netherlands Academy of Arts and Sciences and Tu Weiming, professor of humanities at Peking University.

Apart from high-tech companies, traditional businesses that have developed years before Xiongan was established in 2017 will also have opportunities.

Another change he said he has observed over the last two years is the BRI's evolvement into a global initiative, as the Chinese leadership is listening to feedback and adjusting the program as they go along.

Another reason is the perception that English proficiency will lead to more job opportunities and brighter future prospects globally, said Wang.