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Apple, heavily dependent on China for assembly of its iPhone and laptops, closed at 8.97 a share, up .49, or 4.2 percent. The latest round of tariffs would have hurt Apple's launch of this year's new iPhone line, which usually happens in late September.

Around 88 percent of the shop owners said they won't reduce staff this year, with more than half being confident that revenue this year would surpass that of last year.

Around 1,200 business, financial and academic figures from 50 countries and regions – including the United States, Canada, Germany, Britain, France and Japan – were in attendance.

As China transitions from high-speed growth to high-quality development, the quality of foreign investment should also be improved, Yang said.

Argentina registered its first case of COVID-19 on March 3, and has reported over 1,195,000 confirmed cases of infection and more than 32,000 deaths from the disease.