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"China's macroeconomic indicators, however, remain stable at the moment, with GDP growth rate in the range of 6.7-6.9 percent for 12 quarters running. I believe Chinese companies and foreign companies in China are able to survive this, achieve better development," he added.

"China's smartphone market is forecast to drop 12 percent in 2018, which definitely weighed on all vendors, but it is worth noting that even within such a tough situation, Chinese players Huawei, Xiaomi Corp, and Vivo all managed to maintain growth in the first nine months of last year. In the same time frame, Apple, however, dived 12 percent," Jia said.

"Chinese companies have also played an active role in fulfilling their corporate responsibility. The over 750 Chinese companies in the UK have created more than 80,000 jobs for the local community," the minister added.

"Competition is one of the best mechanisms to promote innovation, and help maintain the vitality of every company." he said.

"Chinese martial arts make me feel not only healthy but relaxed. I forget about the coronavirus and day-to-day problems for a while," Chavez said.