Fifteen contracts worth $2.29 billion were signed at the 2017 China (Guangdong)-US Investment Cooperation Conference held in Guangzhou, Guangdong province, on April 20.
GAC, the major automobile manufacturer based in southern China, to develop an efficient production and trade platform, according to a senior executive of the company.
Both outbound and inbound investment grew in Guangzhou in 2016, according to statistics released at an investment seminar in the Guangdong capital on April 12.
GAC Motor, a subsidiary of Guangzhou Automobile Group, has been rapidly expanding its presence in domestic and overseas markets in recent years as part of its strategy to develop into a world-class carmaker.
Countries and regions along the Belt and Road have emerged as China's dynamic trade partners as seen from this year's spring Canton Fair, or 121st China Import and Export Fair.
China faces a complex and grim trade outlook which is not likely to improve anytime soon, a senior commerce official warned, despite buoyant trade figures in the first quarter.
China's foreign trade will continue its uptrend following last year's recovery, and the trade structure will be further optimized, said a spokesman of the county's biggest trade event.
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