Saint-Gobain to open 10 plants during 2021-25 By ZHONG NAN | China Daily | Updated: 2020-12-14 09:08 Share CLOSE A Saint-Gobain employee works at the localized biopharma single-use product plant in Hangzhou, Zhejiang province, in November. The company also provides glass and durable plastic products and other industrial materials to State-owned enterprises. [Photo provided to China Daily]
Saint-Gobain SA, the French industrial conglomerate, plans to open at least 10 plants during China s 14th Five-Year Plan period (2021-25) to ramp up its production capacity in China, in order to meet growing demand, one of its senior executives said.
China s rapid urbanization, modern manufacturing and a vibrant services sector are all massive growth opportunities for foreign firms as well as domestic companies. This is true for high-end plastic products, sustainable construction materials and automobile components, as well as for th
Refraining from hastily resorting to massive stimulus measures, China adopted a clear and consistent approach: containing the virus first with stringent public health measures and then rolling out monetary and fiscal policies to revive economic activities. China set virus containment as a top policy priority at the beginning of the outbreak, concentrating medical resources and exercising strong epidemic control despite massive economic costs. The country s fast recovery rests partly with the extraordinary macroeconomic policy mix of raising the deficit, tax relief, cuts in lending rates and banks reserve requirements.
China s economy, the first jolted by COVID-19, has bounced back from epidemic fallout with resilience on effective virus control and targeted stimuli, as a pandemic depression continues to threaten the world.
Free trade coasts on multilateral ties By ZHONG NAN | China Daily | Updated: 2020-12-14 07:26 Share CLOSE Chinese-made export-bound vehicles wait to be shipped at the Lianyungang Port in Jiangsu province on Dec 7. China s foreign trade expanded 7.8 percent year-on-year in November, with exports jumping 14.9 percent and imports declining 0.8 percent on a yearly basis. WANG CHUN/FOR CHINA DAILY
ASEAN push, RCEP pact, BRI s success lead China into championing FTAAP
Ever since China and 14 other countries signed the Regional Comprehensive Economic Partnership agreement on Nov 15 in Hanoi, Vietnam, Xiao Maochang, chairman of Shandong province-based textile products maker Sunvim Group, could not stop wondering which Southeast Asian markets are yet to be served by the company.
ASEAN push, RCEP pact, BRI s success lead China into championing FTAAP
Ever since China and 14 other countries signed the Regional Comprehensive Economic Partnership agreement on Nov 15 in Hanoi, Vietnam, Xiao Maochang, chairman of Shandong province-based textile products maker Sunvim Group, could not stop wondering which Southeast Asian markets are yet to be served by the company.
All the 10 member countries of the Association of Southeast Asian Nations, or ASEAN, are RCEP signatories. So are Japan, South Korea, Australia and New Zealand. Experts have called the RCEP a victory of multilateralism and free trade as the 15 nations collectively account for nearly a third of the world s GDP.
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