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As these policies are implemented, it is important to give full play to the market mechanism's self-adjusting ability to ensure that it will not be damaged. Regulators should also step up regulation of arbitrage to prevent loans from flowing into the housing market, the stock market and other types of investments, he said.

As the epidemic spreads across the country, many car factories face full-scale shutdowns and are likely to resume production after Feb 10, bringing huge pressure to the industry's supply chain and cash flow.

As the Belt and Road Initiative is set to push overseas investments to new heights, China should establish smart platforms using big data technologies to facilitate trade and investment, said Wu Qi, global vice-president of the consultancy Accenture.

As the situation stood on Wednesday, Japan denies entry to people from 146 countries and regions, excluding those who will now benefit from the latest exemptions. Among those shut out are travelers from the United States, China and all European Union nations. Spouses of Japanese citizens who left Japan before April 3 also have clearance to return.

As well as Chinese high-tech companies, its telecom operators are also eager to participate in formulating 5G global standards and promote commercialization.