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China has become one of the top three international markets (outside the US) for Hershey, and is one of the most important markets for the company, Grover said.

China has imported about 1.2 billion yuan (1 million) of medical supplies to assist with virus control since Jan 24, and it is also looking to ratchet up domestic production and speed up the transportation of these supplies to key regions plagued by the novel coronavirus outbreak.

China has also set goals to improve the business environment and deepen economic cooperation in more fields with countries and regions related to the Belt and Road Initiative, as well as to accelerate the pace of sealing more bilateral and multilateral free trade deals with economies such as Japan, South Korea, the ASEAN and the European Union, according to the Ministry of Commerce.

China encourages domestic enterprises to expand investment in South Asia, build industrial parks there and push forward cooperation in major projects, Hu said, adding it will boost interconnectivity with South Asia through infrastructure projects.

China has been stepping up its reform and opening-up drive, including passing the new Foreign Investment Law last month, reducing tariffs and improving the investment environment, as reflected in it being ranked 46th in 2018－from 78th position in 2017－among 190 economies in terms of ease of doing business, according to the World Bank.