The ongoing coronavirus outbreak will have temporary, limited economic effects, but it won't leave a permanent mark on the Chinese economy due to the country's strong economic fundamentals, according to the nation's top economic regulator.

The virus outbreak will not change the long-term factors that determine the attractiveness of the A-share market, such as low valuations by global standards, the increasing allocation of foreign capital and the ramped-up efforts of market-oriented and law-based reforms, Wang said.