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China will also regulate and manage Arctic-related affairs and activities within its jurisdiction in accordance with the law, steadily enhance its ability to understand, protect and develop the Arctic, and actively participate in international cooperation in Arctic affairs.

China makes 70 percent of all smartphones in the world. Any delay in operations of factories, through quarantine or travel restriction, will inevitably cause a temporary labor supply shortage, Strategy Analytics said, adding that other connected economies will also feel a ripple effect, like Japan or the United States.

China is willing to establish a comprehensive cooperative partnership with Madagascar, Xi said.

China remained the world's largest auto market in 2017, with some 28.88 million vehicles sold, according to CAAM.

China maintained strong foreign trade growth of 16.4 percent year-on-year in the first seven months of the year, reaching .61 trillion, amid intensified trade friction with the United States over tariff increases.