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CRC, a subsidiary of centrally-administrated State-owned enterprise China Resources (Holdings) Co, is already an important customer for BP's production of PTA in China. The company is also one of China's major producers of PET (polyethylene terephthalate) plastic.
COVID-19 pandemic sparks demand for Walklake's products across world's schools
CITIC Group has financed projects related to the Belt and Road Initiative. In 2015, CITIC Bank, the group's banking subsidiary, and other subsidiaries, declared they would provide investment and financing totalling 700 billion (2 billion).
COSCO Shipping Aries is the largest vessel in the COSCO Shipping Lines fleet, which provides direct shipping services from North and East China and other parts of Asia to Northwest Europe.
Cai said such an achievement is due to State Grid's strong leadership and strategic planning. Brazil's transparent power regulation, stable policies, a market economy and well-educated engineers and professional team also factor into its success.