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Zheng Renhao, Party chief of Zhanjiang, said the project will certainly help speed up the economic development in Zhanjiang, which borders Guangxi Zhuang autonomous region, in the following years.

Zhou Wenting contributed to this story.

Zhejiang Headman Machinery Co Ltd, a machinery manufacturer, Jiangsu GoodWe Power Supply Technology Co Ltd, an enterprise focusing on research and manufacturing of PV inverters, and Jilin Oled Material Tech Co Ltd will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

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Zhao said the country's chemical, automotive, communication and consumer electronics product manufacturing sectors have been among the hardest hit, pushing companies to adjust their development strategies and increase their investment in fully automated factories.

Zheng Bingwen, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, suggested the country's Unemployment Insurance Regulation be further improved to allow the insurance system to better play its role.

Zhejiang Geely Holding group, parent company of Geely Auto, acquired Volvo from Ford in 2010.

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Zheng's company is now the supplier for six of the top 10 guitar brands in the world, including Tagima and Ibanez.

Zhang said the move will also help boost China's new energy car sector as a whole. "For instance, Tesla is more likely to work with local suppliers instead of shipping parts from overseas," he said.

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Zhang said that China would carry out joint action plans to mobilize businesses in the clean energy push and ensure the benefits were shared by the public.

Zhao Weidong, spokesman for the Beijing Municipal Commission of Commerce, said on Friday that Beijing has established a platform to cooperate with Tianjin and Hebei and has transferred some wholesale markets and logistics facilities to Hebei.