'Promising' future in downturn

The economic slowdown has brought markets drastically lower, but has lead noted business school HEC Paris to a "promising" future in China and even globally.

"As China expands its role in the world economy, we are in a unique position to develop the professionals that will lead to the success of Chinese firms," Joshua Kobb, director of international development and strategic partnerships with the school told China Daily.

The school has topped the Financial Times' European business school rankings for the past three consecutive years due to its faculty and management programs.