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China's policymakers will strike a balance between containing the novel coronavirus pneumonia outbreak and facilitating the resumption of regular business activities as a prolonged economic standstill could trigger greater risks, economists said.

China's stock market has been recovering steadily this year after market turmoil starting from the summer of 2015 once sent the major index below 3,000 points.

China, an important neighbor of the Korean Peninsula, is willing to help promote its long-term stability and denuclearization, and hopes the two sides can work together for a political solution on issues of mutual concern, Geng said at a regular briefing.

China's property market, once deemed a major risk for the broader economy, cooled in 2017 amid tough curbs such as purchase restrictions and increased downpayment requirements, as the government sought to rein in speculation.

China's used car market ratcheted up record volumes in trade last year and is poised to expand further in 2018, according to industry experts.