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German chemical giant BASF officially opened its new €8.7 billion (US$10b) production complex in Zhanjiang, South China’s Guangdong Province on March 26. It is the company’s largest investment globally so far.

Supportive policies for consumption must continue. The government should further strengthen social security and improve income distribution to provide long-term support to boost spending confidence

China Newsweek January 19, 2026

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