Foreign direct investment in China's high-tech manufacturing sector jumped 10.1 percent year-on-year to 28.27 billion yuan ($3.92 billion) in the first two months, said the Ministry of Commerce.

The Chinese economy has shown strong resilience. China's urbanization, pursuit of low-carbon and green development, and rapid digitization have provided robust intrinsic momentum for its economic development.

However, most of the oil and chemical tankers, dual fuel-powered container ships and ore carriers built in the shipyards will not be delivered to domestic shipping and energy companies.

Stausholm said the supply chain for China's green transition is a whole new business opportunity for multinational corporations like Rio Tinto.

Chen Zhiqing, the mayor of Shaoguan, said the city is also cultivating emerging industries and leveraging scientific and technological innovation.

BHP said it is committed to further supporting Chinese steelmakers through multiple partnerships.

Hebei province in North China posted steady foreign trade growth in the first two months of 2024, according to local customs.

China's trade with Latin America and Africa has achieved a rapid growth of 13.9 percent, especially the export growth rate of more than 20 percent year-on-year.