Core Viewpoint - The company, Lu Xi Chemical, has announced the establishment of a joint venture in polycarbonate with Cangzhou Dahua and Sinochem International's wholly-owned subsidiary, Sinochem Plastics, to address industry competition and consolidate sales resources [1] Group 1 - The joint venture aims to fulfill commitments made by state-owned shareholders regarding competition within the same industry [1] - The collaboration is expected to mitigate the impact of industry competition on the company [1] - The partnership will effectively integrate the sales resources of the three parties involved in the polycarbonate sector [1]