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Carmine Di Sibio, global chairman and CEO of professional services provider EY, said that China is ahead of the rest of the world when it comes to economic recovery from the epidemic, reporting a growth rate "higher than anywhere else in the world". Therefore, multinational companies can look for opportunities to reinvest and continue to drive growth in China, he said.
Chair of the meeting and foreign minister of PNG Rimbink Pato, accompanied the acknowledgements of the ministers with a statement of his own, expressing gratitude for the cooperation shown by delegates at the summit.
Central SOEs posted a record high net profit of 1.11 trillion yuan (7.2 billion) from January to September, thanks to supply-side reforms, which helped bring down the asset-liability ratio requirement and curbed capital outflows.
Cao Chunliu, sales director of China Film Marketing Co, a subsidiary of China Film Group Corp, said there is a lot to learn from merchandise companies in the United States, Japan and Europe. The latter have decades of experience in managing and running such businesses, and have expertise in exploiting IP rights in the authorized merchandise market.
Central SOEs, including Sinopec Group, China National Machinery Industry Corp, Aviation Industry Corporation of China, China North Industries Group Corp and China Electronics Corp, have all started to invest and produce machines of facial masks and protective clothing for medical use.