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"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now consumes more than half of the world's semiconductors.

"By essentially trading cryptocurrencies in a decentralized way, we are building the financial system of the future," he added.

"By mid-Feb, the first production lines can provide 1.4 million masks per day," said Lin Yanting, deputy general manager. "And daily output can reach 3.5 million pieces by the end of March with expanded production lines."

"China has taken very dramatic actions to restrict the spread of the virus, and work is underway on a vaccine. So let's say for this quarter there will very likely be a negative impact. What would happen beyond this quarter we must observe and assess," Georgieva said.

"China must also adjust the previous five-category system to adapt to changes in international financial regulations and accounting standards, as well as to enhance the accuracy of asset quality classification."