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In today's world, there is no country that can master all these new challenges alone, he noted. "This is why we must intensify the strategic partnership with China in all areas, in politics and culture, as well as in the economy and civil society."

"The United States only captures 2 percent of the outbound Chinese market despite strong demand from Chinese visitors to our shores," she said.

More than 370 people from across China attended the congress, which elected the new leadership of the IAC, chaired by Yang Faming, a renowned Imam from Ningxia Hui Autonomous Region.

The stimulus has fueled growth in real estate and investment, two sectors that have proved critical growth drivers, but not without unwanted outcomes. For example, house prices in major cities have soared in an unreasonable manner and required tightening measures.

BEIJING, Dec. 29 (Xinhua) -- The United States is irresponsible in putting Chinese companies on a list of "notorious marketplaces," the Ministry of Commerce (MOC) said Thursday.