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Brand Day shows nation s evolvement from world s factory to brand incubator
By GT staff reporters Published: May 10, 2021 11:08 PM Updated: May 10, 2021 11:56 PM
Photo:Yang Hui/GT
Along with an overbearing clampdown on neck-choke technologies that has Chinese tech giants such as Huawei besieged by various blockages comes enthusiasm over indigenous breakthroughs in areas ranging from chipsets to domestic brand strength.
Adding fuel to the flames of patriotism, global clothing retailers including Nike and H&M have been facing a backlash in China over unfounded boycotts of cotton sourced from Xinjiang while Li Ning, Anta, among other local brands now have pride of place in the preference rankings from consumers.
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From:ChinaDaily | 2021-04-09 07:52
Conglomerate to focus on engineering, tech, finance to broaden its prospects
China Poly Group Corp Ltd, or Poly Group, the Beijing-headquartered, centrally administered State-owned enterprise, will deploy more resources in technology, engineering projects and finance to further diversify its growth pattern during the 14th Five-Year Plan period (2021-25), said its senior executives.
The diversified conglomerate has three pillar businesses－trade, real estate and management of culture-and art-related ventures. Its new moves will enhance the company s competitiveness, and strengthen its role as one of China s State-owned capital investment companies, said Liu Hualong, the group s chairman.
The larger goal is to cultivate new businesses with promising growth potential in the coming years, he said.