In the morning of April 20, 15 joint projects worth over USD 2.28 billion were signed in the U.S.- China Investment Cooperation Forum held in Guangzhou, the capital city of Guangdong, marking a closer Sino-U.S. relationship after Chinese President Xi met with his counterpart, Donald Trump, 11 days ago.
Jointly organized by Department of Commerce of Guangdong Province and American Chamber of Commerce in South China, the forum was attended by government officers of both countries, 50 leading local enterprises of Guangdong province, and over 50 of the Global 500 enterprises as well as 150 leading enterprises from America.
The plenary session of the cooperation forum [Photo provided to Newsgd.com]
Hu Chunhua, Party Chief of Guangdong Province said following President Xi’s latest instruction, Guangdong is sparing no efforts to make major contribution to support the country’s supply-side structural reform, innovation-driven development strategy and a new economy pattern of opening up.
“Guangdong gained profound achievement to deepen communication and cooperation with America in recent years,” said Hu Chunhua, “a batch of joint programs have settled in Guangdong while some Guangdong enterprises have invested in America. ”
“I hope the cooperation between Guangdong and America will deepen under the framework recently reached by the presidents of two countries. And I also wish cooperation in fields as science, education and trade could go further with the help of the American consulate, chamber of commerce and other relative institutions,” Hu said.
“Guangdong will seize today’s forum as a chance to strengthen communication with American enterprises,” said Ma xingrui, Governor of Guangdong Province, “we should facilitate cooperation and investment projects in key industries, and expand the scale and diversity of cooperation between Guangdong and America.”
“A report recently released in March shows Guangdong is considered as the best place for investment among American enterprises,” said Harley Seyedin, President of American Chamber of Commerce in South China, “and over 400 American enterprises gathering in Guangzhou today also reflects the fact that they see opportunities popping up here.”
The innovative technology and equipment business networking held in the cooperation forum [PhotoNewsgd.com]
Seminars and business networkings were also organized in different fields as Finance, High tech and innovation industry, health care, environment and etc. They provides chances for local governments to introduce opportunities showing up in regions and for American enterprises to picture different solutions they could offer for local development.
“I fly to cities in the Pearl River Delta at least once a week. Not only because we have lots of projects here, but most importantly, the innovative spirit of Guangdong province,” said Adam J. Sobieski, China’s general manager of American Universal Robots.
“Our company can offer solution for the province to solve problems as the higher labor paid and higher requirement of productivity, and eventually to reach a win-win situation,” said Adam J. Sobieski in the innovative technology and equipment business networking.
An industrial robot displayed in the business networking [Photo Newsgd.com]
Achievement in cooperation between Guangdong and America
Guangdong is the biggest trade partner of America in mainland China with a total import and export volume of USD 118.2 billion in 2016, accounting for 22.8 percent of the total Sino- U.S. trade volume.
Investment projects between Guangdong and America also increase robustly. America-invested programs in Guangdong increased to 5046 and the contractual foreign investment reached USD 12.4 billion in 2016. In the meantime, Guangdong-invested enterprises in America rose to 792 and the contractual Chinese investment reached USD 10.1 billion, according to Department of Commerce of Guangdong Province.
