Finance sector seeks greater role
Pharmaceutical Co Ltd, whose headquarters is in Chengdu, capital of Sichuan province, and which is on a drive to tap overseas markets.
Kelun Group, founded in 1996, has developed into a modern pharmaceuticals group, with 87 branches in China and elsewhere.
It had revenue of 35 billion yuan, with taxable profit of more than 2 billion yuan, in 2014.
“We have invested about $50 million in Kazakhstan, where we will start manufacturing pharmaceutical products this year,” said Feng Hao, deputy general manager and secretary of the board of Kelun.
“Though the economic situation in China is not quite as rosy as it used to be, Kelun is confident that with the right planning as it goes global and with and support from local banks and government, we can maintain our growth momentum.”
Zhai Shuang, treasurer of Sichuan Honghua Group, said that “as the Belt and Road Initiative progresses, the group export business will continue to grow”.
Honghua Group Limited is a large-scale equipment manufacturer and drilling service provider that specializes in the research, design, manufacture and assembly of drilling rigs, offshore engineering, and oil and gas exploitation and production equipment.
It is the biggest exporter of drilling rigs in China, and one of the largest land drilling rig makers in the world.
Last year, the group said, its sales were worth 7.8 billion yuan, about 80 to 90 percent of that from exports.
Liangjiang New Area, a national-level development zone in Chongqing, covers more than 1,200 square kilometers and has a population of 2.2 million.