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To fulfill this commitment, Compal Electronics, a final assembly supplier for iPad, is constructing solar panels totalling 12.6 megawatts across 224,000 square meters of rooftop space at its facilities in Nanjing and Kunshan in east China's Jiangsu province.

To be eligible for the 15-percent tax rate, companies have to make sure that they run their businesses from the island province, which Li said will prevent companies from flocking into the free trade port only to pay lower taxes.

To fight the epidemic, Sinopharm has provided about 1.28 million sets of protective clothing, 292,100 safety goggles, 56.71 million masks, 35.51 million pairs of gloves, 11.76 million bottles of sterilization products, 350,100 surgical gowns, and 2.29 million bottles of sterilizer, and has transported 93.03 million packs of medicine since Jan 21, the company said.

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To cope with the pressure, it pledged to solve the challenges facing small, private businesses and to promote the healthy development of the capital market by implementing reforms.

To allow overseas institutions wider access to investing in the domestic bond market, China has introduced measures including lifting quota restrictions and creating more investment approaches.

To foster cleaner growth, China will refuse to accept 24 types of material for recycling.

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To extend the tourism industrial chains to more sectors and attract more tourists from at home and abroad, the regional government has decided to establish an industrial development fund to channel more private investment into the sector and encourage more public-and-private capital cooperation.

To further improve the business environment, the management of the FTZ said optimization will continue in terms of making it easier for companies to attain business registrations and construction permits, carry out cross-border trading and pay taxes more efficiently.

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Timeless, a skincare products manufacturer in South California, wants to learn more about the Chinese market at the event. "It's eye-opening to know the huge market potential in China," Glenda Nunez, customer relations manager, said. "We are in the process to work with Tmall to expand our business to China."

To cope with the downward pressure, policymakers have decided to fine-tune its monetary policy stance and increase investment in infrastructure with a view to bolstering growth. But analysts said it will take some time for those policies to take effect.