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"For example, for an e-business based company who runs production bases in both Shandong and Zhejiang provinces, once it receives a purchasing order from customers in Beijing, it can directly contact delivery services to deliver goods from their production site from (geographically closer) Shandong," he said.

"GM had a very good 2017 as we continued to transform our company to be more focused, resilient and profitable," GM Chairman and CEO Mary Barra said in a statement.

"Greater solidarity," the UNGA president stressed. "Stronger international cooperation and coordination. Ever more United Nations."

"For many industrial and tech sectors, this (the dual circulation pattern) means more onshore sourcing, onshore substitutes as backups or import substitution," said Wendy Liu, head of China Strategy at UBS Investment Bank.

"Greece, and especially Piraeus, is a dot in the China-proposed Belt and Road Initiative and specifically in the maritime Silk Road connecting Asia with Europe. Our company, Piraeus Container Terminal of Cosco Shipping, plays a vital role in the last eight years, and now with Piraeus Port Authority, to promote China's investment in Greece in order to have a harmonious and win-win situation for both countries," he told Xinhua.