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China is willing to participate in international cooperation in COVID-19 prevention and control with concrete actions, to support the WHO's professional and coordination role, and to help developing countries with vulnerable public health systems effectively respond to the epidemic, Chen said.

China remains capable of attracting global investment this year, as foreign direct investment from non-financial sectors into the Chinese mainland grew 4 percent year-on-year to 87.57 billion yuan (.68 billion) in January, data from the Ministry of Commerce showed.

China is willing to maintain closer exchanges with key international organizations, including the IMF, to promote global economic cooperation and free trade, and also inject momentum into the global economy and financial stability, Li said.

China opened its first internet court in Hangzhou, capital of east China's Zhejiang Province, in August last year to cater to the increasing number of online disputes.

China is way beyond the point that its economic model should be based on low-wage manufacturing of low value-added consumer goods for export. Its institutions, infrastructure, and technology are now near world-class and are improving rapidly. Plus, wages rose rapidly over the last decade, so Chinese consumers have the wherewithal to support the country's industry.