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China is on track to be the only major economy to grow this year, the paper said.

China is the largest market of healthcare industry and, with the rapid development of artificial intelligence, will probably become the second-largest incubator, after the Silicon Valley, for great medical breakthroughs, said an expert during a recent forum.

China has pulled about 800 million people out of dire poverty in the past four decades, and it has not gone unnoticed. Bekele Debele, the World Bank's acting country director for China, Mongolia and Korea, said it is the biggest and fastest poverty reduction achievement in human history.

China has reported a steady decline in the growth rates of confirmed infections, suspected cases and patients under medical observation, except for Hubei province, the epicenter of the epidemic.

China is ramping up efforts to promote breakthroughs in key technologies, develop software technologies and nurture skilled workers, Li said.