"We are thrilled to see the success of such a valuable program that helps US and Chinese students -- our future leaders -- better understand each other's history, language and culture," said Carola McGiffert, CEO of the 100,000 Strong Foundation, who also leads the "1 Million Strong" Initiative.

Jake Borns, a junior student at Delaware's A.I. duPont High School, who took part in the program this summer, said it was a "life-change experience" for him. "The trip to China just took my breath away. I love the language and I definitely will go back to China again."

According to Wanxiang, which has funded similar programs in eight US states, more than 600 US students have had the opportunities to study in China.

Xu Chen, chairman of the CGCC and president and CEO of the Bank of China USA, said that more Chinese companies will join Wanxiang in supporting the initiative.