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"China stands ready to work with Kiribati at the opportunity of this visit to strengthen pragmatic cooperation and friendly exchanges with Kiribati on the basis of equality and mutual respect, to better benefit the people of both countries," Foreign Ministry spokesman Geng Shuang told reporters at a news conference in Beijing.

"Consumers setting at home and not out spending money because they fear catching the coronavirus is the ultimate negative outcome," Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said in a research note.

"Combined with the effect of lower corporate tax, we believe it will encourage overseas US firms to send back their profit. It may even produce a wave of profit repatriation," said Professor Zhu Qing with the School of Finance at Renmin University of China.

"Chinese tourists are mostly interested in historical and cultural monuments and sightseeing of the Upper Town," said Zagreb Tourist Board spokeswoman Darja Dragoje.

"China welcomes more European countries getting involved in the Belt and Road cooperation, no matter individually or as a bloc. China and the EU have agreed to synergize our visions for connectivity. It's time to get things done," he said.