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China has started screening batches of effective drugs very early time and sifted chloroquine, favipiravir and carrimycin as potential candidates. Chinese scientists have also conducted research on traditional Chinese medicines and developed a series of treatment plans by using convalescent plasma and stem cells that could also be adapted to different patient conditions, he said.

China is the world's second-largest pharmaceuticals market, and it is forecast to grow from 8 billion in 2015 to 7 billion by 2020, representing an annual growth rate of 9.1 percent, according to the 2016 Top Markets Report Pharmaceuticals (Country Case Study), released by the United States' International Trade Administration in 2016.

China is Canada's second-largest overseas market, and its 2018 budget has noted that a doubling of trade between Canada and China by 2025 remains a mutual goal.

China is ready to work with Canada to safeguard rules-based international order and free trade, promote trade liberalization and investment facilitation, Premier Li Keqiang told his Canadian counterpart Justin Trudeau on Wednesday in Singapore.

China hopes there will be breakthroughs in Regional Comprehensive Economic Partnership negotiations to boost economic and trade cooperation in East Asia, providing opportunities to enhance trade liberalization, he said. China also would like to work with ASEAN to boost innovation and promote innovation-driven development, the premier said.