Guangzhou saw high commercial growth in 2018, with another 5,376 enterprises being established by foreign direct investors, a 120 percent year-on-year increase.
The city of Guangzhou, capital of China's economic powerhouse Guangdong province, plans to invest 10 billion yuan ($1.48 billion) to support R&D in key areas such as AI, biomedicine, new energy, and new materials.
Nansha district in Guangzhou will invest a total of 97.15 billion yuan ($14.8 billion) into 233 key projects in 2019, according to news released after a session on the district's key projects was held on Feb 12.
The Guangzhou-based Evergrande Group, one of China's largest property developers, is seeking to expand into the world-leading new energy vehicle (NEV) industry by joining with world-class car makers in Sweden.
On Jan 23, the second day of the 49th Annual Meeting of the World Economic Forum, the Guangzhou-based Cedar Holdings signed a cooperation agreement with the Ukrainian Chamber of Commerce and Industry.
With the theme of "Vision Unlimited", Guangzhou-based GAC Motor, a subsidiary of GAC Group, is impressing the world with its products at the 2019 North American International Auto Show held from Monday to Jan 27 at the Cobo Center in Detroit.
Guangzhou Automobile Group, or GAC Group, launched its research and development center in Detroit on Tuesday, marking the company's latest step in its global R&D capabilities after setting up two centers in Silicon Valley and Los Angeles.
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