Basf(US:BASFY) Sou Hu Cai Jing·2025-11-14 15:22Group 1 - The CEO of BASF, Markus Kamieth, emphasized the necessity for the German government to actively seek a positive relationship with China, stating that growth in the chemical industry is contingent on development in China [1][3] - BASF's integrated base in Zhanjiang, China, has officially commenced production, marking significant progress for the company's largest single investment project, with an estimated investment of approximately €8.7 billion (around 71.99 billion RMB) [1][3] - BASF has been operating in China for 140 years, with sales in the Chinese market accounting for over 13% of its global sales, and plans to invest approximately €17 billion in the Greater China region by the end of 2024 [3] Group 2 - The German chemical industry has faced challenges in recent years due to high energy costs and complex regulations, leading to significant cost-cutting measures, including layoffs at BASF's headquarters in Ludwigshafen [1] - The future of the global chemical industry is projected to see 70% of its growth coming from China over the next decade, prompting BASF to deepen its market presence in China [3] - The cancellation of the German Foreign Minister's visit to China raised concerns about the potential impact on bilateral relations and the German economy, highlighting the need for constructive dialogue to resolve trade conflicts [4][5]