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Chen Wu, chairman of the region, said in the past year Guangxi achieved a lot in its economy by promoting opening-up. 120 pilot projects of the Guangxi pilot free trade zone were approved by the State Council and 55 have already been put into construction. 132 new financial provisions to attract ASEAN countries' financial agenciess has been carried out successfully and 57 foreign banks and insurance company are ready to set branches in the region.

Cheng Gong, a senior China National Coal Association analyst, said economically lagging regions need more financial support from the central government than last year because local governments face higher pressure to achieve targets.

Chen said all of the joint venture's new models by the end of this year will have connectivity features, and Ford's first model featuring cellular vehicle-to-everything technology will be produced in China.

Chen Lei, who is in charge of smart city businesses at China Mobile's Beijing branch, said the company has developed several innovative solutions to help governments to build efficient and intelligent cities.

Chery－also China's leading vehicle exporter -announced it will start an all-new model line of passenger cars globally, with plan for sales in Europe within the next few years under a nameplate EXEED.