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As the US dollar index sharply rose to 103 on March 20 from 94.6 on March 9, the RMB depreciated against the greenback by 2.4 percent. "The RMB performed the best among major currencies (amid the market turmoil)", said Zhu, comparing with 6.3 percent drop of euros and 12 percent decline of pound sterling against the US dollar.

As the top two Asian economies, "China and Japan have agreed to deepen regional fiscal and financial cooperation and maintain economic and financial stability" as they face growing threats from unilateralism and protectionism, Minister of Finance Liu Kun said at a news briefing in Beijing after the seventh China-Japan finance ministers' dialogue.

As with those under the emergency declaration, they have also asked their residents to take various precautionary measures, such as working from home, avoiding crowded areas and reducing social contact by up to 80 percent, in a bid to prevent the virus' spread.

As they have pledged that tariffs on most products would be reduced to zero immediately or within a decade, this FTA would achieve substantial and phased opening-up results in a relatively short period of time.

As to the number of listed companies on the main boards of the Shanghai, Shenzhen and Hong Kong stock markets, enterprises from the top 30 cities account for 69.7% of the country's total, among which 39.6% are located in the top three cities, namely Shanghai, Beijing and Shenzhen. In other words, the top 10% of the 298 cities are home to nearly 70% of all the Chinese companies listed on the main board.