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"The Chinese government is forecast to expand fiscal and monetary stimulus measures... You can see a recovery in China during the second quarter," said the analyst.

Hand in hand, China and Italy will prevail over the epidemic eventually, Wang added.

China's practices have shown that by speedy and committed containment efforts, the spread of COVID-19 can be thwarted. Therefore, it is imperative to form a global consensus on the importance of prompt COVID-19 prevention and control measures.

China stands ready to share its experience with other countries, carry out joint research and development on drugs and vaccines, and offer as much assistance as it can to countries where the disease is spreading, Xi said.

She also highlighted that China has always advocated that all countries should address human rights issues through constructive dialogue and cooperation, oppose politicization, selectivity, double standards, and confrontational practices, and does not support the practice of "naming and shaming" and publicly pressuring.