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BlackRock has established a solid track record in China investments through various investment programs.

Boosted by momentum such as 5G, new infrastructure and next-generation factories, China's investment environment has become more attractive, Herweck said. The company has seen a large number of innovation results from its Chinese teams and partners, and the commercial environment in many sectors has notably improved in China, he added.

Binoculars, a shovel and water tank are the necessary tools when rangers patrol on the mountain. But now each of them is equipped with a hand-held terminal that can report fires, capture photos of rare wild animals or call for help.

Both CELAC and China adhere to multilateralism. The two sides should increase the integration of interests and jointly address global challenges under the current international situation, which will bring greater benefits to both peoples, Wang said.

Borgward executives said ahead of the deal that the company welcomes new investors.