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China's policies have largely focused on controlling the epidemic, promoting economic growth and easing financial difficulties of small and medium-sized enterprises, said Sheng. "The US Fed has said its aim was to facilitate credit and prevent short-term disruptions from turning into long-term recession."

Chinese Ambassador to Ireland Yue Xiaoyong, who also attended the press briefing, said the fact that the Dublin City Council has held the Chinese New Year Festival for the 12 consecutive years has demonstrated the friendship of the Irish people towards China.

Chinese Ambassador to Bulgaria Zhang Haizhou, who also attended the event, said it marked the beginning of a new stage in the development of cloud technologies in Bulgaria.

China's strong determination of deepening reform and opening-up should aim to usher in more prosperity for its 1.4 billion people and also benefit the rest of the world, scholars said over the weekend.

China's quality-focused growth model and its further opening-up will benefit the global economy and international governance systems, officials said.