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Li pointed out that the virus knows no borders, and both China and the EU advocate multilateralism.

Italy is under complete lockdown since Tuesday, with a total closure of venues and activities but for those providing basic supplies and services, such as supermarkets, pharmacies, public transports, post offices, and banks.

Huo's restaurant has been in operation for a week. Only half of the tables are filled at dinnertime. The revenue is barely enough to cover the expenses of the house rent and employee wages, he said.

As of Friday, Wuhan had over 5,000 spare beds in its 16 temporary hospitals, which were converted from gyms, exhibition centers and other facilities.

However, Fu said China's economy has great potential and resilience, and the size of its fiscal income remained large, allowing plenty of room for fiscal revenue adjustment.