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"China has had a good comeback," Bernard Arnault, LVMH's billionaire chairman and chief executive, told a news conference on Thursday, adding other regions including the United States also performed strongly. "These global business trends are continuing into this year," he said.

"China is determined to make 5G a top priority on its national agenda, striving to take a leadership role in the global landscape," said Steve Lo, the managing partner of EY's greater China Technology, Media & Telecommunications division. "It is also pressing for participation in the formulation of the international 5G standard to make China one of the main players."

"China is an important market for (the parent company) LG Group," said Son, noting the group's annual sales in China reached 250 billion won (1 million) in 2018.

"China is our second-largest trade partner, both in terms of trade of agri-food products and total trade of goods," Hogan said. "And we believe there is great potential to do much more."

"Canada is saddened by the impact of the novel coronavirus outbreak, especially the loss of life, on the Chinese population," said Karina Gould, Canada's minister of international development, adding that personal protective equipment is essential to prevent and limit the spread of the virus.