The 2018 China (Guangdong) - U.S. Investment Cooperation Conference was held in Guangzhou on May 17th. The conference brought together U.S. Fortune 500 companies including Apple, IBM, Mars and leading local companies from Guangdong.
This year, the conference has set up a multi-level dialogue and matchmaking platform for enterprises and governments on both sides of the Pacific.
Highlighting partnerships in high-tech and innovative industries, it involves a series of activities including conferences, seminars and roadshows.
In recent years, Guangdong has been strengthening its economic and trade partnership with the U.S.. Particularly, the joint projects signed at last year’s conference saw robust progress, promoting bilateral trade and investment, said Ma Xingrui, governor of Guangdong Province, at the opening ceremony.
Now Guangdong strives to lead the country on a new journey to comprehensively build a prosperous society, to accelerate the realisation of socialist modernization, and to build itself into an important ‘window’ and ‘demonstration area’ to show the world the nation’s achievements in reform and opening up.
Due to opportunities presented at this conference, the level of trade and investment are set to further improve, and the exchanges and cooperation in scientific innovation, finance, etc. be further promoted.
According to Li Yong, Deputy Director General of the Investment Promotion Agency of the Ministry of Commerce (MOC), the MOC will further support the quality investment partnerships that bring mutual development for Chinese and U.S. enterprises.
Myron Brilliant, Executive Vice President of the U.S. Chamber of Commerce said, “the successful economic development of Guangdong is due to the reform and opening up that creates excellent business environment and dynamic market for many enterprises.” They expect to further cooperation with Guangdong and provide business opportunities for both sides.
Guangdong is the most important province for investment in China and they will expand their investment to help realize the goal of “Created in China”, said Matthew Price, President of Greater China Selling & Market Operations of P&G.
Also, governor Ma held a round table meeting with CEOs from leading American enterprises to hear their advice on the optimization of government services and business environment in Guangdong.
Other seminars covered the themes of Invest in U.S., Smart City and Intelligent Mobility, Intelligent Manufacturing, Medicine and Healthcare, Energy Conservation and Environmental Protection.
As the most important trading partner for the U.S. on the Chinese mainland, Guangdong has strong economic and trade ties with U.S..The statistics show that in 2017, the trade volume between the two sides was $127.33 billion, accounting for 21.8% of total volume between China and U.S..
During the conference last year, 15 joint projects with investment of $ 2.28 billion were signed off on.
Reported by Will
Edited by Wing, Simon