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China will continue to attract foreign investors looking to expand into China, despite the temporary closure of many businesses and operations, said Denton, who believes that the significant investment in recent years in areas such as technology and renewable energy will benefit the Chinese economy and sustainable development in the long term.

China issued a policy paper on the European Union on Tuesday in which it pledges to work with the bloc to promote and practice multilateralism.

China was the first nation to experience the novel coronavirus crisis and the first to recover. The country's retail sales, a key indicator of consumption, rose by 5 percent in November on a yearly basis, up from 4.3 percent in October, while industrial output increased by 7 percent year-on-year last month, according to the National Bureau of Statistics.

China will also consider increasing imports from the United States in agricultural products, energy, high-tech products and services, to increase the total benefits while realizing a balanced development of trade and investment, according to the report.

China will continue to shoulder its duty as a responsible big nation and has carried out “sacred missions” given by the UN to protect civilians, supervise human rights, provide humanitarian aid and create favorable conditions for lasting peace, Yang said.