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"China Merchants Port will also use its global port operation experience to help TCP continue its success story as one of the leading port industry leaders in Brazil and Latin America," he said.

"China is speeding up the transformation from industrialization to informatization," Shen said. "Intangible assets, such as patents, trademarks, copyrights, business secrets and software, are playing an increasingly important role, so intellectual property protection has become more significant."

"By setting up facial recognition devices at the airport, travelers will go though rounds of security screening with minimal, if any, noticeable disruption," he said. "It is estimated that about 50 percent of all airports in China will use facial recognition at all points of contact by 2021."

"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 being pressured from both sides," an unidentified MIIT official told Xinhua. "Advanced economies such as the United States, Germany and Japan have all formulated policies supporting further development of their own manufacturing. At the same time, emerging economies such as India and Brazil are catching up with their own advantages."