英语文摘:Chinese vice premier announces full-scale construction at Guangdong BASF site

BEIJING, Sept. 6 (Xinhua) -- Chinese Vice Premier Han Zheng announced on Tuesday that German chemical giant BASF's Verbund site in the city of Zhanjiang, south China's Guangdong Province, has entered its full-scale construction phase.

Addressing the inauguration ceremony via video link in Beijing, Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, also announced the operation of the first plants of the Verbund site.

With a total investment of about 10 billion euros (about 9.93 billion U.S. dollars), the site will be the third-largest BASF site in the world, and the largest single investment project by a German enterprise in China.

The Verbund site is of vital importance for China and Germany to deepen trade and investment cooperation, jointly address the impact of COVID-19 and safeguard the security and stability of the industrial and supply chains of the global petrochemical industry.