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Apart from measures to promote opening up in the financial and automobile sectors, a string of opening-up policies will cover industries such as energy, resources, infrastructure, transportation, logistics and professional services, according to the commission.

Another factor defending Chinese stocks from foreign bourse contagion was that investors have become accustomed to the market volatility in the United States, Hong said.

Apart from serving Chinese consumers, the new line of products will be sold all over Asia and exported to the other parts of the world, he said.

Another such line in Chengdu, capital of Sichuan province, is also in the planning process, said Zhai.

Anti-pandemic fight