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"China has always abided by international laws and laws of the host countries and is committed to maintaining regional safety and stability," Lu said.

"China is one of the few major economies in the world that have maintained normal monetary policy and we are still far from using the unconventional tools, such as the zero and sub-zero interest rates," he added. "China has sufficient policy space to support steady economic growth. Equipped with a rich policy toolkit, China is capable of coping with various uncertainties."

"China is ramping up efforts to minimize the impact of the outbreak and create a comprehensively well-off society," Li said at a news conference on Tuesday.

"China is the No 1 growth market in the world, and they have been clear about their intended leadership in bringing hybrid and electric vehicles to market," said Don Walker, Magna CEO.

"Canada, China and Mexico led the way, as customers choose one-stop shopping and omnichannel solutions," CEO Douglas McMillon said on the company's earnings call Tuesday.