China reported 125 new cases on Tuesday, its lowest daily increase in six weeks, with all but 11 infections in Wuhan's central Hubei province.

The nationwide death toll rose to 2,943 with 31 more deaths, all in Hubei, reported AFP.

Chinese officials have touted progress in the battle against the epidemic, which has taken a toll on the world's second largest economy and threatened to cut into global growth.

Global markets tanked last week but rebounded on Monday after governments and central banks said they would step in if needed to soften the blow.

Finance ministers and central bank chiefs from G7 countries will hold talks on the issue today.