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China has welcomed the visit by the US delegation. Foreign Ministry spokeswoman Hua Chunying said last Friday that "we are willing to hold negotiations with the US on the basis of mutual respect and equality".

China is Japan's biggest trading partner. Japan's exports to China rose 17.6 percent in July compared to a year earlier.

China implemented a 4 trillion yuan stimulus package in 2008 to navigate through the global financial crisis. Aftereffects of that package caused many economists and finance professionals to be overcautious against large-scale stimulus. But we must understand that whether China adopts major stimulus measures or not depends on macroeconomic challenges and cost-benefit analysis.

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 now Italy's largest trading partner in Asia, with bilateral trade reaching 42 billion euros in 2017, according to statistics from the Chinese Ministry of Foreign Affairs.