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Local lawmaking authorities are also given the power to formulate implementation guidelines of laws such as the election law.

Meanwhile, some historical disputes have again escalated, undermining peace and stability in the region, Wang said.

"We need to maintain global development cooperation with North-South cooperation as the main channel, supplemented by South-South cooperation. We need to build an open world economy," he added.

China resolutely opposes the U.S. abuse of its "national security narrative" and state power to oppress Chinese companies, and urges the United States to stop its wrong actions and provide with a fair, just and non-discriminatory environment for Chinese companies' normal investment and operation, Geng said.

According to the regional government, Guangxi's pilot FTZ will focus on modern financial services, smart logistics, digital economy, emerging manufacturing industries, port shipping logistics, international trade, components of new energy vehicles and cross-border tourism.