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China treats domestic and foreign enterprises equally and will protect all of their lawful rights and interests, including IPR, Li said.

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 to date has 96 central SOEs. They have played an essential role in assisting the country in producing materials for epidemic prevention and control, building medical infrastructure and other supporting infrastructure facilities, as well as supplying food, power and enhanced communication networks in Hubei province.

China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitate regional and global economic recovery, the Ministry of Commerce said on Thursday.

China plans this month to launch its long-awaited crude oil futures contract that will allow the country to further open up its markets, develop China’s own benchmark for oil pricing and potentially expand the use of its currency.