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They also called on both sides to strengthen connectivity, intensify cooperation on areas including trade, investment and digital economy, and reach the China-EU Comprehensive Investment Agreement in 2020.
The country reserves policy space on the fiscal, financial, social security and other fronts, and is in a strong position to quickly introduce new measures should the situation call for it without any hesitation, Li said.
The meeting, presided over by Premier Li Keqiang, stressed that people's lives are the top priority, and decided to increase material and funding support to help local authorities relocate disaster-hit residents. The meeting also decided to repair damaged projects, and restore production to the parts of the country most severely affected by floods.
National security is the very foundation for the existence and development of all countries, and the core and fundamental element of national sovereignty, he added.
Kishore Mahbubani, a fellow at the Asia Research Institute of the National University of Singapore, in a recent interview with Australian think-tank ADC Forum, pointed to the 2008-2009 financial crisis.
