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China banned US beef in 2003 after a case of bovine spongiform encephalopathy, or mad cow disease, in Washington state. Since the ban was introduced, China has experienced a beef boom.

China can work with the international community and other relevant countries in enhancing hygiene standards and regulations, which will help guard against risks of infection in other African countries not affected by the epidemic so far.

China has become the world's largest producer of electricity based on low-carbon coal. The country will continue to promote efficient and environmentally friendly use of coal, in line with the policy to develop clean energy, said a high-ranking Chinese government official.

China has been key in driving world growth since 2008 and many multinational companies view the country as critical to their strategic growth plans. Its position on the world stage is only set to increase as it transitions from being an export-driven to a consumption-driven economy. China is also pushing forward with initiatives such as the Belt and Road and becoming increasingly confident at world forums such as APEC, G20 and WEF.

China has more than 4,000 incorporated small and medium-sized banks and their total assets stand at 77 trillion yuan (.9 trillion). Most of these lenders have been affected by the novel coronavirus outbreak due to limited management capabilities and distinctiveness of their customers, which are mainly small businesses, farmers and agribusinesses, he said.