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China has released measures to help firms that export their goods resume production and stabilize trade growth by mitigating the impact of the novel coronavirus pneumonia outbreak on the economy, the Ministry of Commerce said in a statement on Tuesday.

China has recently taken a set of measure to stabilize the housing market and curb speculation.

China is Spain's largest trade partner outside the EU. Bilateral trade was over .7 billion last year. The two countries signed an agreement on the third-party market cooperation during Xi's visit to Spain to strengthen their partnership under the framework of the Belt and Road Initiative.

China has sold more than 50 million domestically manufactured chips connected to the Beidou navigation and positioning system in the past five years.

China has taken a series of supportive measures, such as tax cuts and fee reductions, to boost the corporate sector. In February, the sub-index of PMI for large-scale enterprises was 51.5, up from 51.3 in January, but that for the small and medium-sized enterprises was 46.9 and 45.3 respectively, both below the 50 mark.