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China will provide 100 million face masks, 10 million protective suits and other urgently needed medical supplies to ASEAN countries as grant assistance and via commercial channels, he said.

China's central area represented by cities such as Zhengzhou and Hefei will step up the construction of high-speed railway, trunk railway and highway to form a key transportation hub for the Belt and Road Initiative, according to a report by Economic Information Daily.

China will overcome difficulties and provide Italy with medical supplies including face masks and increase exports of supplies and equipment to meet its urgent needs, State Councilor and Foreign Minister Wang Yi said on Tuesday.

China will further expand the opening of the financial sector, encourage foreign financial institutions and funds to enter the domestic financial market and enhance the vitality and competitiveness of the financial system, the statement said.

China will maintain its tough stance on regulating speculative behavior in the real estate sector, and there will be no moves taken to expand the financing channels for real estate enterprises, according to the nation's top economic regulator.