Core Viewpoint - Invista has significantly increased its investment in the Chinese market, with over 14 billion RMB invested in the nylon 66 value chain, highlighting China's importance in Invista's global strategy [1] Investment and Development - Invista began increasing its investments in China over a decade ago, with plans announced in 2018 for a caprolactam project and the completion of a production base in 2022 [1] - The expansion project for the nylon 66 polymer production base in Shanghai is expected to be completed in 2024 [1] Market Demand - The Asia-Pacific region, primarily China, accounts for over 50% of the global demand for nylon 66, driving growth in this sector [1] - The rapid development of related industries in China, such as automotive and textiles, contributes to the optimistic outlook for the market [1] Innovation and Collaboration - Innovation is identified as a key driver for future economic development in China, with new supply chains and demand opportunities emerging [1] - Invista plans to promote overall industry development through technology licensing and collaborative ecosystem building, emphasizing the importance of collective growth for the industry [1]