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China was also the world's largest exporter and second-largest importer of goods. [1] China is a member of numerous formal and informal multilateral organizations, including the WTO , APEC , BRICS , the Shanghai Cooperation Organisation (SCO), the BCIM , and the G-20 .
Sinochem Group was founded in 1950. Its predecessor was China National Chemicals Import and Export Corporation was China's largest trading firm. Sinochem Group is the key state-owned enterprise under the supervision of State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
The chemical market value of China had increased in the past 30 years. In 2015, it represented about 30% of the chemicals demand all over the world. [19] China's demand growth of the chemical industry has slowed down from the two-digit rates in the past 10 years, but it still has 60% growth for the global demand from 2011 to 2020. [18]
This is a list of companies on the Shenzhen Stock Exchange ... North Huajin Chemical Industries Co,ltd. ... China National Complete Plant Import & Export Corporation ...
As of 2017, China has more SOEs than any other country, and the most SOEs among large national companies. [1] [page needed] As of the end of 2019, China's SOEs represented 4.5% of the global economy [2] and the total assets of all China's SOEs, including those operating in the financial sector, reached US$78.08 trillion. [3]
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