which means the project will provide a large number of jobs to lo
cal communities,” he said. “It is expected that up to 100,000 to 200,000 locals will be d
rawn to the new economic zone after its completion. They will rise out of poverty by working in this zone.”
The project will be beneficial to both China and Cambodia, Qian said.
“Many Chinese companies go overseas to expand their businesses. However, because of a la
ck of experience and related knowledge, most of them face huge obstacles abroad,” he said. “Our company has done overseas business for mo
re than 40 years and will provide a familiar business environment for other Chinese companies in the new economic zone.”
Some Chinese companies have decided to join the investment in the ne
w Cambodia project, Qian said, adding that in his opinion, a company should follow the nati
onal policy and direction such as Belt and Road Initiative while being profitable at the same time.
spectacular 41st minute free kick, but Borja Baston equalized four minutes later in a game in which both teams looked flat in their third game in seven days.
Leganes and Celta Vigo drew 0-0, which draws Celta a point closer to
survival and means they remain unbeaten since Iago Aspas returned to the side after injury.
In overseas ventures, insurance gives firms a sure footing
Overseas investment inevitably means risks and uncertainties for Chinese comp
anies, but many have started using insurance services to help control and reduce risks.
“Chinese companies face new situations while investing overseas, namely that global politi
cs and economics have become more complex,” said Wang Tingke, general manager of China Export and Cr
edit Insurance Corporation, or Sinosure, China’s State-funded policy-oriented insurance company.
“So while going abroad, Chinese companies need to i
ncrease their awareness of risks and set up comprehensive risk management systems.”
gions are facing severe lack of water, the institute said. In the meantime, urbanization has increased the amount of waste
water by 4.2 percent annually, from 48.5 billion metric tons in 2013 to 57.1 billion tons in 2017, it said.
China lags behind leading economies in water-use efficien
cy, said Yuan Da, the NDRC spokesman. Every 10,000 yuan in indu
strial added value consumes 45.6 cu m of water, double that for developed economies, he said.
Water conservation should be promoted from developing, using an
d protecting the natural resource with careful all
ocation, said E Jingping, minister of water resources, in an article published by People’s D
aily late last month. Projects that do not pass water conservation assessments will not be approved, he said.