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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.

Andrew Downe, Asia regional head of commodities and global markets at Macquarie Group, which invested in Megvii in its Series D round of financing, said earlier that "Megvii is a global AI technology leader and innovator with cutting-edge technologies, a scalable business model and a proven track record of monetization. We believe the commercialization of artificial intelligence is a long-term focus and is of great importance."

Analysts believe these will help upgrade the industry and consumption, deepen the supply-side structural reform and promote the establishment of a strong domestic market.

And he is not alone. Peter Lavina, a former Philippine deputy cabinet secretary, believes change is coming to Mindanao and that change will be driven by China.

Analysts from China Galaxy Securities Co Ltd suggested investors check out the over-the-counter pharmaceutical manufacturers, as their brand and distribution channels have become well-established over the past few years.