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And on global economic status, about half of Filipinos (49 percent) say that the US is still the leading economic power, but that is down from 66 percent who said so in 2015. A quarter now name China as the world's leading economy, up from 14 percent the last time the Philippines was surveyed.

Analysts said strong Chinese economic growth relative to stock market values is a key reason for the good returns seen by UK funds.

And that's exactly how Harman wins hearts in the market. Since its establishment in 2009, Harman China has achieved rapid growth. It reaped more than billion in sales in the China market in 2017, up from about 0 million almost a decade ago.

And it's not just confined to language courses. China's growing consumers have shown they will spend big money on the right educational programs.

Analysts believe the impact of capacity cuts on unemployment and the social welfare burden is limited.