The co-location arrangement, which is key to the XRL, will save time and add convenience for passengers crossing the boundary. It will enable one-stop clearance and boundary control by allowing customs from both sides to perform their duties in accordance with their respective laws at their designated areas inside the West Kowloon Station.
The coatings project is an extension of the company‘s existing 50 million euros automotive coatings plant, a joint venture between BASF and Shanghai Huayi Fine Chemical. It will further enhance the company’s local production and better serve the growing automotive market in China and the Asia-Pacific, according to the company.
The comments came after the State Council issued a policy document last week encouraging oil and gas businesses to work with well-known international commodity exchanges to attract strategic investors and oil traders from New York, London, Singapore, Dubai and other locations to the Zhejiang FTZ, as well as transform the zone into a hub for receiving liquefied natural gas and allowing private companies to export refined oil.
The company also noted its box office during China's Spring Festival holiday surged 40 percent compared with the same period last year, with the growth mainly driven by Chinese sci-fi blockbuster "The Wandering Earth."
The company cited the plummeting oil price and demand slump amid the COVID-19 outbreak for the drop in revenue.
The company has invested 100 billion yuan (.71 billion) to digitize its services and expand its delivery network.
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The comments came shortly after US President Donald Trump's administration said on Tuesday it would levy 10 percent tariffs on extra 0 billion worth of Chinese goods.
The company also recently released its domestically-developed high-safety nuclear power plant distributed control system platform, which is also known as the "central nervous system" of nuclear power plants that ensure nuclear projects' safety and stability and enables China to have a distributed control system with completely independent intellectual property rights.
The code for compulsory reporting is the first of its kind in the country and includes the court, prosecuting agency, police, education and health departments. The code specifies that institutions failing to report such evidence will be penalized. They could have their licenses revoked and may be held liable if their behavior constitutes a crime.
The company also presented the MediaPad M5, a new range of tablets with 8.4 and 10.8 inch screens