Can China be more helpful in Ireland's economic recovery?

At a time of economic recession in Europe, many countries see a bright future in relations with China. O'Connor said the rapid growth in China's economy means every country will eventually have to develop a strategy on China.

Meanwhile, Cathal Brugha, a professor at Ireland's University College Dublin (UCD), said Ireland, which is limping out of recession, should seek help from China because China could be Ireland's friend at this time.

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"I think China could help Ireland because Ireland has such strong friendship with China. A friend in need is a friend indeed, " he said.

Brugha said China has served as the world's main growth engine since the global financial crisis, adding that Ireland needs to rely on China for support at a time Europe and the United States are grappling with rising levels of economic uncertainty.

China is a priority market for Ireland and strengthening its relations with China is critical to its exporters and its economic recovery, he said.

Eamon Gilmore, deputy prime minister and minister for foreign affairs and trade, said the Irish government is committed to deepening Ireland's critical relationship with China.

In the past 20 years, China has almost tripled its share of the global economy and increased its absolute economic size almost six times over, he said.

Gilmore visited China in August last year and was struck by China's enormous development and the numerous links which now exist between Ireland and China.

He said Ireland's diplomatic presence will be expanded in the coming months with the opening of a new consulate general in Hong Kong.

High-level visits are also a key platform for expanding and deepening the relationship, he added.