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China is the largest trading partner of many countries, including Chile, he added.

China is ready to further tap the potential of cooperation with Belarus for development, Xi said.

China is likely to issue 5G licenses to telecom carriers in the second half of next year at the earliest as the nation scrambles to commercialize next-generation mobile communication technology, Wang Zhiqin, an expert with the Ministry of Industry and Information Technology, told China Daily on Wednesday.

China is not among the top 10 steel importers to the US, and US lawmakers and US trade partners have continued to push back on the steel tariffs.

China has strengthened countermeasures, including increasing government spending, lowering lending rates, and boosting credit support for companies, to limit the outbreak's disruption to the economy. The central bank injected 1.7 trillion yuan (2 billion) of liquidity in the market and launched a 0 billion re-lending fund for commercial banks. In January, the country's new yuan loans and growth of aggregate financing both hit a historical high.