The company, based in Foshan, a manufacturing base in the heart of the Pearl River Delta region, along with some 25,000 domestic exporters, is optimistic of higher sales during the biannual China Import and Export Fair. Internationally known as the Canton Fair, the event is long regarded as the barometer of China's trade performance.
The company was fined 30,000 yuan and it deleted the pirated films and clips from its app.
The company plans to adopt more innovative customer-oriented and competition-oriented business models, and will focus on core products for 20 major country markets, which accounted for nearly 70 percent of its overseas sales in 2018, and two thirds of its global market revenues.
The company, previously known as Hui Commercial EPZ, made the announcement on Monday in its plant at the Export Processing Zone, Athi River, about 30 kilometers from downtown Nairobi.
The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in Beijing, February 3, 2017. [Photo/Agencies]
The company's output growth of oil and gas is in accordance with national production.
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The company will also be jointly launching the National Carton Recycling Day on Nov 20 with the China Environmental Protection Foundation, the Alibaba Foundation and domestic express delivery companies. Recycling points will be set up in neighborhoods in Beijing, Shanghai, Guangdong province' Guangzhou and Shenzhen, as well as Zhejiang province's Hangzhou.
The company's head of the Africa region also spoke highly of the China-proposed Belt and Road Initiative, saying it will have a long-term impact on and benefits for Africa. He cited Kenya with the Mombasa-Nairobi Standard Gauge Railway as an example.
The company, whose sole shareholder is Tesla Motors HK Limited, will offer financial leasing services and support of new energy and related products.
The company made 7.55 million yuan (about .2 million) in net profit last year after suffering losses in the previous two years.