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Exxon Mobil Huizhou Ethylene Project Attracts Global Attention
A recent article published by China Media Group, titledWhy American enterprises choose to invest heavily in China amidst the epidemic, immediately attracted the attention of global media, and it was even reprinted and cited by many mainstream media organizations in Europe, Asia and Africa.  

On April 22, an inauguration ceremony for Exxon Mobil Huizhou Ethylene Project was held online. It was the first major petrochemical project solely invested by American enterprises in China, with the investment volume reaching 10 billion USD. The construction for this project is well under way at Huizhou Daya Bay Petrochemical Zone.

A recent article, titledWhy American enterprises choose to invest heavily in China amidst the epidemic, was launched at many TV channels, radio stations and new media platform by China Media Group, introducing the details of Exxon Mobil Huizhou ethylene project. The article immediately attracted the attention of global media, and mainstream media organizations from Russia, Germany, Japan, India, Indonesia, Kazakhstan, Pakistan, Jordan, Thailand, Myanmar, Philippines, Nepal, Nigeria, Tanzania and Zambia conducted follow-up reports by citing this article, and many Chinese media organizations in Europe, Asia and Africa also reprinted this article.

China will continue to open its door to the outside world

The official website of Rossiyskaya Gazeta, the mouthpiece of Russian government, published an article entitled “The U.S. oil and gas giant initiates a large-scale investment project in China”, claiming that Exxon Mobil’s massive and long-term investment in China amidst the epidemic reflected its absolute confidence about China and its promising future in China.

The German website of European Time published an article, introducing the online inauguration ceremony for Exxon Mobil Huizhou ethylene project, a project with the investment volume reaching 10 billion USD. The ceremony was held concurrently in Beijing, Huizhou and Dallas in the US. The international oil price plumped after going through violent fluctuations; however Exxon Mobil chose to invest heavily in China when the timing was unfortunate. In other words, this world-class petrochemical giant had high hopes about China and was confident about its future prospect in China.

Record China, Japan’s largest Chinese news portal, and Niconico, Japan’s largest video website, also cited the article from China Media Group.

Record China commented that American enterprises’ decision in investing heavily in China reflected their confidence on China’s hardware strength, such as infrastructure and supporting facilities, as well as their unshakeable faith in China’s opening up to the outside world and the ever improving business environment. The long-term positive fundamentals of China's economy remained unchanged, and China will continue to remain as an important part of the global industrial chain and a popular investment destination in the world.

Niconico commented that China will open its door wider and wider. Any visionary transnational enterprise will be provided with ample business opportunities for win-win cooperation when participating in the recovery and development of Chinese economy.

Unshakeable faith in Chinese market

On April 24, Daily Bell published an article, titledChina signs a new investment deal by American enterprises, on its official website, claiming that the enabling project of Exxon Mobil Huizhou ethylene project amidst global economic downturn and widespread epidemic signaled American enterprises’ unshakeable faith in Chinese market.

Daily Morning, a mainstream newspaper in India, also published an article in its official website, praising that China has succeeded in controlling the spread of epidemic in less than three months because of China's precise decision-making and deployment, strong mobilization and execution, and the unity and dedication of the people of the whole country China. The machines from the "world factory" first resumed operation, demonstrating the strong economic resilience of China, which in turn strengthened international capital's confidence to continue to invest in China. The initiation of this investment project worth 10 billion USD is a powerful response to the fallacy of the so-called "industrial-chain-de-Chineseization" advocated by American politicians.

Elshita, a radio station from Indonesia, also published an article on its website covering the story of Exxon Mobil Huizhou ethylene project. With a total investment of 10 billion USD, this project succeeded in completing all the required administrative formalities, covering record filing, project being included in the planning outline, administrative examination and approval and construction, within as short as 18 months. The current global epidemic has led to a serious imbalance between supply and demand, and international oil prices have slumped after going through violent fluctuations. Exxon Mobil continued to invest heavily in China, demonstrating its high hopes about China and its confident about its future prospect in China.

Amazing “China Speed”

Kazakhstan Business News, an influential economic weekly in Kazakhstan, commented on its official website that any visionary transnational enterprise will be provided with ample business opportunities for win-win cooperation when participating in the recovery and development of Chinese economy.

FM98, a mainstream media organization in Pakistan, also published an article in its website. During the early stage of epidemic, some American politicians proposed that US government should provide funding support to American enterprises for their withdrawal from China; however, when the epidemic was contained and Chinese people were resuming production, many foreign-invested enterprises in China, including American-funded ones, chose to increase their investment in China. It was evident that increased investment in China can help offset the negative influence caused by factory shutdowns in other parts of the world, while the decisions of increased investment in China indicated that Chinese market still remained appealing to foreign capitals.

Jordan’s Global Radio commented on its social media platform that China's comparative advantages, such as a well-developed industrial system, mature infrastructure and abundant talent and labor resources, are unlikely to be jeopardized by an unexpected virus outbreak.

Many other international media outlets, including NEW SILK ROAD from Thailand, Opinion Leaders from Myanmar, CNTV from Philippine, Nigeria's Hausawen Newspaper The Leader, Capital FM92.4 from Nepal and Tanzania African Media Group, all recognized Guangdong effective measures to prevent the spread of the epidemic and boost the social and economic development, and praised the amazing “China speed”. These comments all stressed that countries in the world should strengthen exchange and cooperation.


Editor:   Time:2020-04-28
   
   
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