BUSINESS CHINA DAILY HONG KONG EDITION Tuesday, March 2, 2021 RIGHT TRACK Sinopec Recovery still to invest $232m in robust, PMI rural areas By ZHENG XIN
[email protected] is just a dip China Petroleum & Chemical Corp, or Sinopec, is planning to invest more than 1.5 billion yuan Experts: Modest contraction in Caixin ($232 million) during the next five factory data for Feb cyclical, not a worry years in previously poverty stricken regions to further improve living standards of locals. By SHI JING in Shanghai seen in February is a temporary The company will also use its
[email protected] phenomenon, said Xin. As more existing network of some 30,000 people stayed at their places of retail stations nationwide, as well as The modest contraction seen in work during the holidays instead its online sales network, to help sell factory activity in February is pure of returning to their hometowns agricultural products from such ly a cyclical phenomenon and eco for family reunions, work resump regions. It plans to sell products nomic recovery momentum is still tion has been much smoother this from such regions with an output robust in China, experts said on year. Therefore, the supply side will value of less than 4 billion yuan dur Monday. continue to see “strong growth on An employee works on the production line of an automaker in Xi’an, capital of Northwest China’s ing the 202125 period. In addition, The Caixin headline Purchasing the back of the still resilient Shaanxi province. YUAN JINGZHI / FOR CHINA DAILY the company will further strengthen Manager’s Index came in at 50.9 domestic demand and a gradual the product branding and quality to last month, slightly down from the recovery”, she said.