State Councillor Wang Yi, who also serves as China’s foreign minister, said China had taken decisive measures to fight the epidemic, many going beyond international health regulations and World Health Organization (WHO) recommendations.
China’s banks have offered $77bn in lines of credit to help combat the epidemic. The central government has pumped tens of billions into the country’s financial system.
White House economic advisor, Larry Kudlow, said he expected the virus to “maybe” knock 0.2-0.3% off the US GDP in the first quarter.
Reuters contributed to this report