Depends on the geographical location, here, the priority goes to English in business but Chinese literate is an advantage or vise versa. The future, I'd say English comes first, many Chinese who are weak in English lag behind in computer technology, they lean towards the conventional because of their language disadvantage.

I can only read but not write because it was 30 years ago I never need to write a single Chinese character not even my name. Its existence or importance is based on need, not our concern. My Malay educated friend decided to send his daughter to Chinese School because of me and my nephew & niece are more capable in languages than us.