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As Roach has argued, China, with its far larger saving cushion and much smaller sovereign debt burden (49 percent of GDP), is in much better shape to avoid a sovereign debt crisis.

As a result, many frontier scientific fields, including quantum communication, materials science, computer science, biology and space and deep-sea exploration, have witnessed numerous breakthroughs by Chinese scientists, he said.

As a major supplier of fresh frozen food, the group was once called "Hong Kong's vegetable basket", Fu said. In 1972, it shipped petroleum and rice from the mainland to Hong Kong.

As an innovative Indian educationist, Ishwaran offers three solutions to cope with this fast-changing world. She emphasizes the importance of having values in life. "Believe me, you need to have a set of values that you believe in, no matter what job you do," she says.

As an important regional organization, ASEAN has become a major force in promoting regional integration and maintaining regional peace and stability, Wang said.