Page 49 - Zhanjiang News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The navies of China, Iran and Russia are holding a joint maritime exercise starting Wednesday in a move to enhance cooperation as well as to safeguard maritime security and regional peace. Based on the consensus reached by the armed forces of China, Iran and Russia, the navies of the three countries will be holding the Security Belt-2023 joint maritime military exercise from Wednesday to Sunday in the Gulf of Oman, China’s Ministry of National Defense (MOD) said in a statement on Wednesday.

Chemical giant BASF announced on Tuesday that it will invest in a new citral plant as part of its site in Zhanjiang, Guangdong province, as well as in menthol and linalool plants at its site in Ludwigshafen, Germany.

As the ancient Chinese saying goes,

Chinese provinces and regions have accelerated the construction of major projects ahead of this year’s two sessions, with the total amount of investment that has been made public by 18 provinces and regions reaching nearly 10 trillion yuan ($1.44 trillion), and the investment structure has been optimized to cover more science and technology industries.

The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.