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Li plans to attend a series of high-level meetings: the 20th China-ASEAN (10+1) leaders' meeting, the 20th ASEAN-China, Japan and Republic of Korea (10+3) leaders' meeting, and the 12th East Asia Summit in the Philippine capital Manila from Nov 12 to 16.

Li said past experiences have shown that compensatory consumption will also appear in offline consumption after the outbreak, especially in the service sectors such as tourism, catering and entertainment.

Li made the remarks during a two-day inspection to the municipality that ended Wednesday.

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Li said: “These ventures showcase how competitive Ireland is for global enterprise and investment, and we are grateful for all the support local agencies and the talented people here have provided us.”

Lin Jianxin, president of CIFS, said the company will continue to focus on financial technology to break barriers in financial services.

Li said China appreciates the Mongolian government's firm adherence to the one-China policy and would like to continue respecting each other's core interests and major concerns while making exchanges of high-ranking officials, legislators and parties.

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Li visited hospitals, schools and local communities in Yinchuan, the region's capital, ahead of the 60th anniversary of the establishment for the region in October.

Li said the government will introduce a series of regulations and documents to protect the rights and interests of foreign investors to ensure the law is implemented smoothly.

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Liang expected authorities will lower banks' reserve requirement ratio by 100 basis points in the second half as part of growth-stabilizing measures. "If growth further weakens, interest rate cuts would not be ruled out," said Liang, who is also chairman of the China Silk Road iValley Research Institute.

Li said China stands ready to maintain close, high-level exchanges and enable better alignment between the Belt and Road Initiative and Singapore's development strategies.