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"Compared with the traditional online travel agencies, vacation rental platforms perform two key functions. One, they help landlords reduce operational and maintenance costs and also offer various value-added services to customers. Two, the platforms use sophisticated systems to support the entire social credit system," said Yu Fengxia, deputy director of the Sharing Economy Research Center, which is part of the SIC.

"Chinese per capita investment in education is only 10 percent of that in developed countries. With rising incomes, the vast population and the second-child policy, online education has great potential," Chen Liteng, an analyst at the center, told Economic Daily.

"Clearly the situation in many South American countries is far from stable. There's been a rapid increase in cases and those systems are coming under increasing pressure and they need our support; they need our solidarity," Ryan said.

"China's online education will enter a boom period where different firms are expected to thrive soon. In the K12 or kindergarten to 12th grade sector, leading companies will likely dominate the market," said a recent report from CITIC Securities.

"China's approach is borne out of global responsibility and based upon a Chinese philosophy of self-interest that the world is safer and more secure if all nations prosper. Sharing is a byword for China's trading philosophy," Perry said.