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"China and the US should of course avoid recriminations and aim for cooperation," Sachs said. "This is the only safe and rational way out of the current crisis."

"China faces the harshest challenges and difficulties this year," said Yao Jingyuan, former chief economist at the National Bureau of Statistics, who defined the current situation as "complicated and with in-depth contradictions".

"China is now more important to the international community than ever before - I believe no international or regional issues can be solved without China's involvement," he said.

"China practices a policy of equality, unity and mutual assistance among all ethnic groups; it respects and protects the people of all ethnic groups' right to freedom of religious belief; it promotes the long-term harmonious coexistence of the people of all ethnic groups; and it promotes the sustained and all-around development of ethnic minorities in political, economic, social and cultural fields," he said.

"COFCO is a very ambitious, energetic and innovative organization with a great team and exciting plans for the future, which matches our own aspirations, both for China and as a group."