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Liang Hong, chief economist at China International Capital Corp, a leading investment firm, expressed similar optimism about China's domestic demand and growth potential in consumption.

Li said that if the epidemic lasts a long time, industries dealing with agricultural products and sectors with long industrial chains and that are labor intensive are expected to be seriously affected.

Liangshan officials launched an investigation, and child-welfare and education officials from the prefecture were sent to the club, whose owners claimed to have adopted and trained about 400 children since 2001.

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Li is one of several Chinese businessmen who are eager to exploit opportunities in the emerging Cambodian infrastructure sector, which is also largely spurred by the Belt and Road Initiative.

Li made the remark when meeting with visiting Singapore Prime Minister Lee ­Hsien Loong in Beijing on Sunday. Singapore is one of the founding members of ASEAN.

Lianhuayan, featuring lotus-shaped rocks, is an emerging tourist destination in Zuoquan county. XING LANFU/FOR CHINA DAILY

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Lin Maode, chairman of Shenzhen Metro, a State-owned, unlisted urban railway operator in Guangdong province, said he believes the next 10 years are going to be a "golden time" for the development of the model.

Li said China will introduce multiple steps to increase supply of cancer drugs and reduce the cost for patients, and hoped that medicine producers can lower their prices to boost sales and benefit patients.

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Li said eco-friendly industries enjoy a promising future with great employment capability and are also warmly welcomed by local people.

Li made the remarks during the 29th APEC Ministerial Meeting, one of a series of meetings of APEC's annual economic leaders' week.