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"Clients are looking to cut costs and, instead of designing products themselves, they are outsourcing it to Chinese companies," Ma told China Daily. "Design costs are high in Europe and the US."

"Chinese has become more international and more people are using it," he said, adding that for those who live at the border, it is a practical language.

"Chinese tourists are seeking more personalized experiences while traveling abroad. They are more willing to slow down the pace of life and enjoy in-depth and tailored trips, encouraged by their growing spending power and evolving tastes," said Dai Bin, director of the China Tourism Academy.

"Co-branding is just the first step for sustainable development of Chinese toy companies and it is more important for them to have their own brands in international markets."

"Countries around the world are working to upgrade their business environment, as this is crucial for attracting investment, boosting market vitality and stimulating public creativity," Li said.