20230520 China News
Source: | Author:eacham | Published time: 2023-05-20 | 295 Views | Share:

01

French banking group BNP Paribas' confidence in the Chinese market has remained undeterred by global market volatility and the COVID-19 pandemic. The group's continued investment is proof of this. It has placed 5.3 billion yuan ($753 million) of additional equity in its China joint ventures over the past 18 months. It expects to make a further investment of 1.5 billion to 2 billion yuan in the next 12 months.


02

China Petrochemical Corp, or Sinopec, together with KazMunayGas, a state-owned oil and gas company in Kazakhstan, will develop the biggest polyethylene project in Kazakhstan, the Chinese company said on Thursday.Polyethylene is the most commonly produced plastic. A polymer, polyethylene is primarily used for packaging.


03

China's small and medium-sized enterprises (SMEs) have maintained a recovery trend this year, as evident from a notable upswing across a range of key indices, said an official on Friday. As multiple policies have been introduced by the central as well as local governments to help SMEs recover from the impact of COVID-19, their business performance picked up and expectations improved, Vice Minister of Industry and Information Technology Xu Xiaolan told a press conference.


04

China will explore an overall work plan on building a unified domestic market and take a raft of new policy steps towards the goal, according to the decisions made at the State Council Executive Meeting chaired by Premier Li Qiang on Friday.


05

Since the founding of the China-Central and Eastern European Countries (CEECs) cooperation mechanism in 2012, China and CEECs have yielded fruitful achievements. 2023 marks the beginning of the second decade of China-CEEC cooperation, and the two sides hope for closer economic and trade ties.


06

Premier Li Qiang has underlined the importance of accelerating the construction of a modern industrial system underpinned by the real economy, and adopting more targeted measures to expand domestic needs while stabilizing external demand, in an effort to sustain economic recovery and growth.


07

A total of 88 major projects, with a contracted investment amounting to 290.7 billion yuan ($41.55 billion), were signed at the fifth Western China International Fair for Investment and Trade, which kicked off Thursday in Southwest China's Chongqing municipality.




Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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