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"China welcomes foreign businesses to invest and develop in China. And we will continue to unswervingly expand opening up, create a more open and business-friendly environment and protect the legitimate rights and interests of foreign investment," Meng said at a news conference in Beijing.

"China will not close its doors and will open even wider," Xi said, adding that foreign companies will find China's market "more open, more transparent and more orderly". The large population remains a bonus of China's economy and Chinese market potential is great, he said.

"China's intelligent connected vehicle technology is now at the forefront of the world, bringing consumers a safe and convenient travel experience," said Li Shufu.

"Chinese big data companies are continuously improving their users' information protection systems," Shen said, adding that tech companies should build firewalls internally to isolate direct links between user data collection departments and other operating departments.

"Cross-border online shopping will be easier and faster. People will have access to cheaper foreign products after the establishment of the zone. And it is foreseeable that more foreign banks will establish themselves in the FTZ, enabling people to manage their money in diversified ways," he said.