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Charles Foster, chairman of US-China Partnerships in Houston, described Trump's tariffs on China as "reckless and counterproductive".

Chan also confirmed that the mainland, which has attached great importance to the situation in Hong Kong, has offered to help.

Central SOEs will proactively seek M&As in new forms of business and new areas, it said.

Cao said production capacity has been limited because many companies are still on Spring Festival holiday, but he believed the imbalance between supply and demand of medical supplies would ease as more enterprises resume production.

Cao Lei, director of the China E-Commerce Research Center, said the donations from major tech enterprises embody their social responsibilities and have positive social impact, as the novel coronavirus spreads throughout the country and concerns everyone.