China's management of change, rooted in its long-standing philosophical ideas, is what Peyman found behind the nation's success.

"Seeking truth from facts" and "crossing the river by feeling the stones" might not sound very profound or precise, but it turns out to be a lot more realistic and practical than many Western approaches created in ivory towers, he wrote in the book.

China is growing stronger, and the cultural differences between the East and West, as well as the fear of China's rise, are the major causes of misunderstandings of China, said Peyman, who also values the market-driven economy, entrepreneurship and open market segments of the country.

"Assuming that China implements the measures it has outlined in opening up further, protecting intellectual property and more state-owned enterprise reform, there is no reason why China cannot upgrade its economy further for at least the next decade," he said.

Peyman is optimistic about the economic potential in China's inland provinces and the new economy which is spearheaded by the private sector.

"Not just Alibaba and Tencent, but the myriads of younger companies that have sprouted in response to this economy-changing opportunity around new industries," he said.

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