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As a front-runner in reform and opening-up, the city used to rely on processing trade mainly for Hong Kong. After enjoying a high economic growth rate of nearly 40 percent per year from the 1980s to the early 1990s, due to limited land resources and rising labor costs, the city gradually turned its focus to developing high value added industries such as information technology, biotechnology, new materials and high-end equipment manufacturing. Now it has become a magnet for technology startups and the headquarters of famous high-tech companies such as Huawei Technologies Co Ltd, Tencent Holdings Ltd and one of the world's largest drone makers, DJI.

As a result of the turmoil, Westpac Bank's share price fell 3.37 percent and is now valued at 25.66 Australian dollars (.49) per share as of 15:30 pm local time.

As a level-five station, the lowest level in China's rail network, it has neither ticket offices nor crowded waiting rooms. It is located on the important high-speed line that connects Chongqing and Chengdu, the capital city of Sichuan province.

As for travel packages, group tours remain the most popular products among Chinese travelers, according to Zou Qingling, outbound tourism director with Lvmama, another online travel agency in Shanghai.

As both China and Ireland are firm supporters of economic globalization and free trade, the two countries need to jointly safeguard the multilateral trade system, oppose protectionism, and build an open economy, Li said.