Mr Li's comments followed those made earlier by US Treasury secretary Steven Mnuchin, who told US media on Sunday he was "cautiously hopeful" that the US and China could come to an agreement on trade issues.
Last week's drop was fueled in part by tensions surrounding President Donald Trump's move to levy tariffs on up to $60 billion in Chinese imports, in addition to those imposed on solar panels, steel and aluminum.
"A rebound in global equities overnight is offering the market some optimism of stabilization after last week's rout".
Last week, the three main USA indexes posted their steepest weekly declines since January 2016 as the fears of a global trade war added to jitters about a faster pace of U.S. interest rate hikes and fears of increased regulations to the high-flying technology sector in the wake of Facebook's data scandal.
After plunging 1.8 per cent or 424 points on Friday, the Dow Jone Industrial Average was up 1.8 per cent or 424 points to 23,957 after rising as much as 500 points after the opening of trading.
The tech sector was on pace for its biggest daily percentage gain since January 2016 and financials were poised for their best day since March 2017. Shares in Dublin were also higher, with the ISEQ up 1%.
All were under pressure last week on fears of a trade clash with China. As NPR's John Ydstie reports, the two countries have begun talks aimed at avoiding tit-for-tat sanctions that could damage both sides.
With nearly all FTSE 100 components higher, the principal drivers of today's outperformance (in terms of points contribution) are RDSB/BP (high oil price, weaker GBP), GSK (M&A), Miners (copper bounce, trade war relief), HSBC (trade war relief), AZN (GSK read-across, weaker GBP) and ULVR/BATS (weaker GBP), all adding at least 4pts a piece. U.S. West Texas Intermediate (WTI) crude futures eased 5 cents to $65.83. President Trump said last week he wants China to lower its 25 percent tariffs on US automobiles exported to China.
"The. trade war story. should be taken into account when trying to quantify the potentially bullish effect of the geopolitical element in oil markets", said analysts at consultancy JBC Energy.