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Chen Wenling, chief economist at the Beijing-based China Center for International Economic Exchanges, delivers a speech at the Upward Branding and Sustainable Growth Summit Forum. [Photo provided to chinadaily.com.cn]

China Baowu, a monolith formed by the merger of Shanghai-based Baosteel Group and Wuhan Iron and Steel Group in Central China's Hubei province in December 2016, is the nation's most competitive steelmaker with a production capacity of 70 million tons, second only worldwide to the Luxembourg-based ArcelorMittal.

Chene, a French woman who has been living in China for 10 years, decided to settle down permanently in the region last year, as she saw a greater and meaningful cause behind the business where local companies work together to help build and develop society and change people's lives for the better.

Chen, from the Commerce Ministry, said that China has always been a firm advocate and active promoter of economic and trade cooperation between BRICS economies. The country will work with all parties to strengthen BRICS members' anti-pandemic actions and pragmatic economic and trade cooperation, maintain the security and smoothness of the global supply and industrial chains, and support the multilateral trading system.

Chen noted that the China-proposed Belt and Road Initiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area are creating more opportunities for US businesses in Guangzhou.