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Balch agreed, adding that "data from China would contribute to global research and clinical trials of breast cancer".

Because Philips employs around 77,000 employees across sales and services in more than 100 countries and regions, Jakobs stressed that China has always been a fairly important hub in its global operations, especially in economies related to the Belt and Road Initiative. The company's products made in China reach every country and region in the world.

Based on an Oxford Economics forecast, the impact of the epidemic will cut global economic growth by 0.2 percentage point to 2.3 percent this year. This will be the slowest annual growth rate since the 2008 Global Financial Crisis.

Battery giant Contemporary Amperex Technology Ltd (CATL) said on Wednesday its new super battery "is able to be mass produced", a move which industry insiders believe will be game-changing for the electric vehicle industry.

Back in 1979, the then Washington Bullets was the first NBA team to visit and play in China. "It was a great thrill for us to be there. We had a fantastic trip — we started in Beijing and went to Shanghai. We learned a lot about the Chinese people, culture, and your fantastic country," said Jerry Sachs, general manager of Washington Bullets at that time.