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"For the procurement system in China, we are requesting the Chinese government to give Indian drug companies access. We are very hopeful that Indian generic drugs will have a bigger market in China, at a more affordable price," he added.

"Given our preliminary understanding that there has been limited contact tracing performed to date, there may be other staff and residents at risk for exposure to COVID positive individuals," the health agencies said in a letter released on Thursday.

"Financial support will be given to carry out construction in areas such as traffic, ecology, water conservancy, energy and public services projects," said Yan Pengcheng, spokesman for the National Development and Reform Commission.

"Further escalation would be counterproductive. It would simply ensure an economic cold war between the US and China, at least until January 2021 and perhaps much longer," he said. "This would be a 'lose, lose, lose' proposition."

"Governments should substantially reduce their role in direct resources allocation, and channel more energy into macro regulation, public services, market supervision, social management and environmental protection," said Yang Weimin, deputy head of the Office of the Central Commission for Financial and Economic Affairs.