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China does not deny the contribution made by US investments to its economic development, Gao said at a news conference.

China appreciates Italy’s support and participation in joint construction of the Belt and Road, Wang said, adding that it stands ready to discuss policy synergy with Italy, unlock cooperation potential in the fields of digitization, information communication, infrastructure, port construction and third-party markets.

China has issued 4,318 force majeure certificates as of Thursday to protect companies from legal damage arising from the novel coronavirus epidemic, data released by the China Council for the Promotion of International Trade showed.

China has about 25 million private enterprises, with registered capital exceeding 150 trillion yuan (.7 trillion) and contributing more than half the country's taxes, according to the industry federation. These enterprises also contribute more than 60 percent of the nation's gross domestic product, fixed asset investment and outbound investment.

China has investigated 98,000 cases and punished more than 130,000 people for disregarding and hurting people's interests during a campaign against problems concerning the public wellbeing, said a statement from the Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission on Monday.