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"China has been very pragmatic. It has been very gradualist and cautious and has not wanted to rip up the existing order. But things are moving much more quickly now and over the next 20 years there will undoubtedly be a new global order of some kind," he said.

"Change is easy, progress is always much more difficult," said Watkins. As the global pandemic has made it increasingly difficult for students at the high school and university level to travel globally, the use of remote or e-learning has enabled teaching and learning to continue without interruption.

"China has embraced mobile payments faster than any other country and will continue to lead the global charge in this regard," said Vishal Bali, managing director of Nielsen China.

"China has strictly followed the procedures stipulated by law and released the information at the earliest possible time," said Zheng Shuna, a deputy to the National People's Congress, the country's national legislature, noting that a detailed timeline on China's COVID-19 response has been released.

"But now with SWIFT GPI, the banks in China can now facilitate those tuition payments stripping out the friction ... making them faster and more information rich."