Baidu Inc signed a series of cooperation agreements on Friday with Guangzhou, the capital of Guangdong province, to jointly develop an intelligent transport network in the city.
Guangzhou hosted its annual investment conference on Thursday and Friday, in an effort to promote its international business environment and become the best choice for enterprises' investment and development.
Guangzhou is expected to sign agreements on over 250 major projects with a total investment of more than 600 billion yuan with major companies and organizations at home and abroad during the 2020 Guangzhou Annual Investment Conference.
The growth rate of import volume in Guangzhou in 2019 ranked first among major foreign trade cities in China, according to a blue paper on Guangzhou's internationalization development.
Guangzhou Customs had cultivated 24 companies with Authorized Economic Operator (AEO) certifications by the end of July, increasing the overall number of AEO companies in Guangzhou to 1,221.
Guangzhou has seen a full recovery of the exhibition industry, following a disruption caused by the COVID-19 epidemic in the first half-year.
An association of companies managing the foreign trade comprehensive service supply chain was set up in Guangzhou on Aug 7.
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