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As the flagship concept of what is known as Xiplomacy, the vision is backed up by a set of principles, policies and practices, and forms an integral part of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.

As the US President Donald Trump's administration has regarded China as its main competitor, she said, in the area of investment in Africa, it also upholds the "America first" viewpoint and uses the continent's need for assistance as a battlefield to compete with China.

As the concept evolves from jargon to practice, China's tech giants are busy throwing their hats into the ring. First, it was Alibaba Group Holding Ltd that pitched its tent. It has clinched a flurry of stake-controlling deals, from InTime Retail to RT-Mart, or built its own retail prototypes like the Hema Fresh Market in order to take on existing physical stores.

As permanent members of the United Nations Security Council, China and Russia also bear a responsibility to safeguard multilateralism and free trade as well as promote fair and reasonable rules in global governance, she said.

As recruitment experts from Zhaopin explained, this can be largely attributed to the uncertainties in the global economic environment and some multinational companies' withdrawal from the Chinese market. On the other hand, most of the rapidly expanding Chinese internet and technology companies are privately owned companies, which have shown greater demand for talents.