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"Given that the former is an impossibility, the latter seems the natural choice. But it would require a degree of global leadership and cooperation that is sorely lacking," the former governor of the Reserve Bank of India said in a Project Syndicate article on Friday.

"He (Branstad) and everyone else over here in China understands that a trade war would be very disruptive not only to China and the US - but to the world," said ISA CEO Kirk Leeds.

"Graduation is a rite of passage between one stage of life and the next. The support of family and friends is crucial for our graduates. We are glad to see not just parents, but also grandparents present here. That inspires us to continue to bring the event to Beijing," says Hugh Brady, the president of the University of Bristol.

"For example, our index agrees with both the Barclays and the Bloomberg indices in estimating Chinese growth to have been around 11 percent in 2007, and not to have experienced a substantial spike before the financial crisis, while the official GDP series records growth as spiking from 12 to 15 percent between 2005 and 2007. However, our predictions for current Chinese growth rates are above those of market participants, as well as of the Chinese government itself," the report said.

"Forest therapy integrates many industries including elderly care, tourism, culture, sports, experience and entertainment. It will constitute a large, highly dense and intertwined modern industrial cluster, cultivating an industry worth a trillion yuan, or even larger," said Liu Tuo, head of the Department of Rural Forestry Reform and Development of the National Forestry and Grassland Administration.