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Chen said the coronavirus pandemic has shown the need to reduce reliance on imported food. Chen said that with COVID-19 disrupting the supply chain, even countries that have the means to import goods cannot access them, with borders shut to curb the spread of the disease.

Chen Fengying, a senior researcher at the China Institutes of Contemporary International Relations, said the positive move of the US and the EU is in the common interests of both sides, and eases trade war fears around the globe.

Chen Xin, general manager of SPD Bank's London branch, said London remained important as a global financial hub, "due to its concentration of a diverse range of financial companies, experienced financial sector talent and investors from all over the world."

Chief Executive of the Hong Kong Special Administrative Region Carrie Lam Cheng Yuet-ngor expressed her indignation at the behavior of the rioters on Christmas Eve, saying many people as well as tourists coming to Hong Kong were disappointed that their festive celebrations had been ruined by "a group of reckless and selfish rioters".

China Aircraft Leasing Group Holdings, a Hong Kong-listed aircraft leasing company, denied earlier media reports about its plan to suspend its order of 100 Boeing 737 Max aircraft and said on Tuesday that there were no plans to stop payments related to the purchase.