Preference is given to the recently published scholarship in prominent journals and publishers. Secondary sources of data related to educational exchanges and its role in diplomacy have been extensively studied. It was observed that whether it's a small country or a major player in the international politics, educational exchanges and bursaries play a vital role in promoting its soft image in addition to culture and history to the foreign audience. Some of the famous providers of scholarships to international students include the USA, UK and China. While recent studies show that China is rising to be the top provider of educational scholarships and the Chinese universities are rapidly getting top positions in the world ranking of universities. Through such initiatives, China's policies are getting acceptance to a greater extent in foreign countries. This study is of high importance to complementary research.