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Chen Zhisheng (left), chief executive of WuXi Biologics, announces the investment on Friday. [Photo provided to CHINA DAILY]
Chen Zhisheng, chief executive of WuXi Biologics and chairman of WuXi Vaccines, said vaccine contract development and the manufacturing organization service are the next growth areas for the biopharmaceutical company.
Chi Yufeng, chairman of Perfect World Investment & Holding Group, delivers a speech at the product launch conference on Aug 8, 2020. [Photo provided to chinadaily.com.cn]
Chen exemplified that deleveraging requires the reduction in the number of "zombie enterprises"-enterprises that are heavily in debt or rely on bailouts to survive, thus reallocating financial resources to more efficient market entities.
Cheng is a fellow of King's College in London, and was director of the International Arbitration and Dispute Settlement course at the Law School of Tsinghua University in Beijing.
