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As a new subregional cooperation mechanism, the LMC has seen rapid development since its launch with the mechanism construction continuously improving and fields of cooperation expanding, Zhao said, adding that it has brought tangible benefits to people from the six countries.

As a communication platform between China and Italy, the center will also introduce more cultural and creative projects from the museum of Da Vinci in Florence, luxury automaker Maserati, and the Targetti lighting company.

As foreign investors are keen to see improvements in the protection of intellectual property rights in China, the government must pay more attention to IPR protection. China should step up its efforts to eliminate illegal IPR activities, establish more IPR courts and increase punishments for violators. Any company that violates IPR must be severely punished, even to the point of causing bankruptcy. It is equally critical to improve government services. As 2020 is the first year for the implementation of China's Foreign Investment Law, the government should further cut the items on its negative lists in both FTZs and at the national level.

As for foreign-funded projects, 16 have been implemented and 64 more are being negotiated. They cover education, logistics, health care, culture and sports, modern agriculture, conventions and exhibitions, and infrastructure.

As a major software industrial hub in the mainland, the southern metropolis has also introduced specific measures for the city's development of blockchain technology and industry 2020-22, according to a statement released by the city government on Friday.