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"China has done very well in poverty reduction, because in the last 20 years the country's poverty reduction levels account for almost half the reduction of all poverty levels in the world," said Kaberuka, chairman and managing partner of Southbridge Partners, a pan-African financial, advisory and asset management firm.

"By labeling as Chinese currency manipulation an exchange-rate move that was obviously a natural response to his boss's policies, the secretary has damaged his credibility and that of his office.

"By forming a joint venture with a respected company in China, we have been able to bridge the cultural barrier and adapt our model to the China situation."

"Central SOEs, however, have been doing a good job in environmental protection sectors," said Zhong.

"But people in Washington aren't even aware of it, in part because the Trump administration does not have a single person at the senior level who knows anything at all about how the US-China relationship was restored," he said.