The first plants of German chemical giant BASF SE's Verbund site in the city of Zhanjiang, south China's Guangdong Province, started production as scheduled on Tuesday.
As the first wholly foreign-funded project in China's heavy chemical industry, the Zhanjiang Verbund site represents a new paradigm for China's wider opening-up and win-win cooperation between China and Germany. China has vowed to open its doors even wider amid rising trade protectionism. Policies to ease market access, strengthen intellectual property protection and expand imports have been promulgated.
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