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Clariant has announced it will construct a new catalyst production facility at the Dushan Port Economic Development Zone in Jiaxing, Zhejiang province.
Christopher J. Nassetta, president and CEO, told China Daily that China is one of its largest markets outside of the United States and its business will be tripled if they meet the development goal. So far the Chinese market takes up about 4.5 percent of its global revenue, half of what comes from the Asia-Pacific region. Nassetta said they expect to raise China's contribution to 10 to 15 percent by 2025 through developments including loyalty programs, digital technology and services.
Cincinnati-based Kroger is working to catch up with Walmart and with Amazon.com, which bought grocer Whole Foods last year.
Chinese tax policymakers may consider taking measures to maintain China business competitiveness, it said.
Chinese theaters were shuttered for nearly half a year due to the pandemic, starting in late January. Three of the National Day blockbusters, Leap, Jiang Ziya and Vanguard, the latter starring action giant Jackie Chan, were once scheduled for the Spring Festival holiday, one of China's most lucrative box-office periods, which started on Jan 25.
