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China will rely on credit-supply expansions to mitigate the fallout from the novel coronavirus outbreak and not fall into any liquidity traps, while the rest of the world swings to a debt-driven growth model, analysts said on Monday.

China will likely maintain a steady growth rate of above 6.5 percent in two years, with economic deleveraging and preventing financial risks top priorities for the government, a report said on Tuesday.

China will further stabilize foreign trade and investment through expanded opening-up, and push ahead with trials of innovative development in trade in services in an effort to take the country's opening-up to a higher level, the State Council decided at an executive meeting on July 29.

China will take more measures, including improving services for people's daily lives and encouraging cultural and tourism consumption, as part of efforts to better meet the need for consumer sector upgrades to further unleash the potential of domestic demand.

China's auto production and sales may suffer if the coronavirus outbreak continues to spread across the country, said experts and company executives, but the scale of impact is too early to determine.