Group 1 - The CEO of BASF, Markus Kamieth, emphasized that investment in China is crucial for the company's future growth and urged the German government to strengthen cooperation with China [2][3] - BASF is constructing an integrated chemical complex in southern China, which is the company's largest single investment project to date [2] - Kamieth stated that to become a growth-oriented chemical company, it is essential to expand business in the Chinese market, which is currently the largest chemical market globally [3] Group 2 - The German chemical industry has faced challenges due to high energy costs and stringent regulatory requirements, leading to a difficult development environment [3] - BASF has implemented several significant cost-cutting measures in recent years as the largest chemical company by revenue [3] - The core facilities of BASF's integrated base in Zhanjiang, Guangdong Province, China, have begun production of their first products, marking an important milestone in the project's progress [3]