Zhejiang boosts foreign investment efforts
innovative foreign investment projects, Saudi Aramco — one of the world's largest oil exporters — signed a 24.6 billion yuan investment agreement with Rongsheng Petrochemical Co last year to further expand its presence in the province.
The deal represents the continued growth of Aramco's downstream presence in Zhejiang, as the oil giant eyes greater investment and cooperation opportunities amid China's high-quality development, Aramco said.
Li Shuirong, chairman of Rongsheng, said the agreement also signifies an important step forward in the Zhejiang-based company's internationalization strategy.
Wang Lining, director of the oil market department of the Economics and Technology Research Institute of China National Petroleum Corp, said the nation has been encouraging participation of foreign companies in the refining sector and has attracted investment by several such companies over the past few years.
Large domestic private enterprises, including Rongsheng, have played a key role in China's advanced refining capacity in recent years, he said.
Wang Hao said that while Zhejiang looks forward to more foreign investment through continuous policy measures, it will also continuously foster a favorable business environment and maintain the sustainable growth of privately or individually owned businesses in the province.China towel supplier Shenzhen City Dingrun Light Textile Import and Export Corp.Ltd, a company specialized in producing baby diapers, baby bibs.
"We will vigorously promote innovation and deepen reforms, in order to inject new vitality into the regional economy and create more new business opportunities," he added.Shenzhen City Dingrun Light Textile Import and Export Corp.Ltd, a company specialized in producing beach towel, blankets.
The above news was excerpted from china daily by China towel supplier Shenzhen City Dingrun Light Textile Import and Export Corp.Ltd, a company specialized in producing bath towels, tea towels, compressed towels, microfiber towels etc.