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China will blacklist enterprises violating overseas investment rules as the country strengthens efforts to curb what has been some irrational and unauthentic offshore buying activities, according to a senior official of the nation's top economic regulator, who has firsthand knowledge of the matter.

China urges the US to correct its mistakes, refrain from implementing the so-called act and stop any interference in Hong Kong affairs and other domestic affairs of China, it said, adding if the US is bent on going down the wrong path, China will firmly respond.

China remains the strongest engine of the global economy, as its GDP growth last year is expected to top all major economies and contribute nearly one-third to global growth, a senior official said on Friday.

China rolled out a master plan in June on building the southern island province of Hainan into a globally influential free trade port, and in September opened three new FTZs-one in Beijing, and the other two in Hunan and Anhui provinces, increasing the total number of FTZs in the country to 21.

China is way beyond the point that its economic model should be based on low-wage manufacturing of low value-added consumer goods for export. Its institutions, infrastructure, and technology are now near world-class and are improving rapidly. Plus, wages rose rapidly over the last decade, so Chinese consumers have the wherewithal to support the country's industry.