BUSINESS OPPORTUNITIES IN CHINA FOR FOREIGNERS - CBC GROUP
Looking back at 2020, it has been an extremely special year for any country in the world. A virus brought about precipitous global economic contraction and slow recovery. And now, China, the world's best-controlled country in terms of the epidemic, is steadily making progress in its economic recovery. Even, shortly after the Chinese Lunar New Year holiday, several foreign investment projects are already in full swing. For example, in the city of Huizhou in Guangdong province, ground was broken for a wholly-owned chemical plant by US energy giant Exxon Mobil Corporation, with a total investment of around US$10 billion. In Zhanjiang, another city in the province, German chemical giant BASF SE is pushing ahead with its Verbund project, a "first" for a wholly foreign-owned company in China's heavy chemical industry. In addition, China Business Consultants CBC Group, which provides both China Market Entry services and China Business Consulting Services, indicated China i