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Ocean Crops: Is This The Next Frontier For Agriculture?
"We want to be thoughtful that any technologies we develop for the ocean minimize the amount of chemical fertilizers, pesticides or other materials not natural to the marine habitat. We are also mindful of developing technologies that do not harm or impact the marine environment.”
"However, with only thirty years until the world’s population becomes 10 billion, and the fastest growth of middle-class households coming from South East Asia, this could be a unique solution to an important region of the world."
https://www.forbes.com/sites/nishandegnarain/2020/07/29/ocean-crops-is-this-the-next-frontier-for-agriculture/#5e02d43e5c95
Kiwa Bio-Tech’s Microbial Technology Selected by Government for Aquaculture Project in Guangdong Province China
https://kiwabiotech.com/kiwa/kiwa-bio-techs-microbial-technology-selected-by-government-for-aquaculture-project-in-guangdong-province-china/
China's New Green Development Fund Raises $12 Billion in Phase 1
"BEIJING — China's first dedicated environmental fund, which will invest in green projects and firms, has already raised 88 billion yuan ($12.59 billion) in its first phase, an environment ministry official said at a briefing on Tuesday.
The National Green Development Fund will mainly be used to invest in national strategic programmes such as the green development of the Yangtze river region, said Zou Shoumin, a director responsible for finance at China's Ministry of Ecology and Environment (MEE).
The fund was formally launched on July 15 by the MEE, the Ministry of Finance and the Shanghai city government.
It is designed to support the "green transformation" of the Chinese economy and strengthen the role of the market in fighting pollution, environment minister Huang Runqiu said at the fund's launch ceremony.
China has been trying to diversify its funding sources for its environmental programme, but it has struggled to devise new financing mechanisms to help pay the massive costs of cleaning up polluted soil and water."
https://www.nytimes.com/reuters/2020/07/27/world/asia/27reuters-china-environment.html
yes, some continued confirmation of the OTC QB status.
glad to see it.
Any idea when "Held at DTC" in the share structure began to be updated?
Do you know what the meaning of the OTCQB resubmit is?
I see the second page from the previous QB status confirmation on June 30th is not in the recent one on July 28th?
i.e. sections 6, 7, 8 (convertible debt) are not there.
Also, next week has the maturity of the TFK and Labrys 2020 notes.
I hope they are about to be paid off in cash.
We need confirmation.
China's top legislator stresses implementation of soil pollution prevention law
"Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the National People's Congress (NPC) Standing Committee, made the remarks on Monday in Beijing while presiding over a meeting of the inspection team for the enforcement of the law on soil pollution prevention and control.
This round of law enforcement inspections is aimed at urging different regions and departments to obligate legal liabilities and step up cooperation to ensure the central authority's decisions and plans on ecological conservation are effectively implemented, Li said.
Li stressed efforts to step up the treatment and remediation of polluted soil and remove dangers posed by soil pollution to the safety of agricultural products and human living environments."
http://www.xinhuanet.com/english/2020-07/27/c_139244413.htm
Kiwa Bio-Tech Established Joint Venture to Address Ring-fenced Soil Remediation Projects
"Mr. Wade Li, CEO of Kiwa Bio-Tech commented, “The joint venture will focus on environment protection and will extend our business plan from the original agricultural fertilizer market to enter the soil restoration business field. We believe that our government recognized microbial technology couples with our strong partnerships with prestigious universities and research institutions have positioned us well to address ring-fenced soil remediation projects.”"
https://www.globenewswire.com/news-release/2020/04/30/2024988/0/en/Kiwa-Bio-Tech-Established-Joint-Venture-to-Address-Ring-fenced-Soil-Remediation-Projects.html
"In 2020, Kiwa will continue to maintain and develop the original agricultural fertilizer market on the basis of our partners, with the support of the government to enter the soil restoration business field."
https://www.globenewswire.com/news-release/2020/03/09/1996966/0/en/Kiwa-Bio-Tech-CEO-Letter-to-Shareholder-and-Stakeholders.html
yes, I have some familiarity with accounting. With first half year revenue in (24m ?), 7.5m deal in Q2 + 2.0m 3rd party loan receipt on June 30th, current assets due soon along with continued revenues coming in on the back of years of proven company growth...this company is undervalued with 515m shares.
They are entering huge markets supported by government with a relatively good economic outlook.
Great to hear. Thanks
7.5m was in the PR to be booked in Q2 and the 2.0m loan matured on june 30th from the 10K. So 9.5m is already public and 10m now reasonable if revenue from other fertilizer business being accelerated with new bank loan facility. The other current assets from the last financial report are due in the financial year but we do not know when.
Yes, so they should have cash accumulating quickly to make a capital project investment or other deal. For 2020, I thought the projection was a 20% increase in revenue or $48m
June 1st PR was:
https://www.globenewswire.com/news-release/2020/06/01/2041320/0/en/Kiwa-Bio-Tech-Reports-Fiscal-Year-2019-Financial-Results.html
Mr. Wade Li, CEO of Kiwa Bio-Tech commented, “We are excited to announce that we achieved expected revenues and gross profit for fiscal year 2019, which represented a year-over-year increase of 31% and 13%, respectively. At the same time, the Company divested some of the Company's branches in China for optimizing the operating structure, resulting in financial losses despite the growth of operations. We continued to increase our production capacity and presences to address the tremendously market in China. Our customers associate Kiwa’ brand with trust and reliability, which demonstrated by our solid profit figures and increasing sales.”
Mr. Li continued, “The COVID-19 pandemic bought challenges and opportunities to us. We will continue to run the business in a disciplined way in 2020 and remain focused on generating long-term relative growth while driving long-term value for our shareholders and meeting our customers' full range of needs. Looking forward, we are confident in our ability to achieve strong results and continued growth.”
Failure to file does not mean failed company
Extra-ordinary past few months for KWBT and only time I recall the delinquent status kept like this for nearly one month.
I am not convinced you are correct that this means failing company after that PR of 7.5m USD and new CEO takes the helm since March:
during pandemic
with extra China scrutiny
after massive dilution to clear away debt
https://www.globenewswire.com/news-release/2020/03/09/1996966/0/en/Kiwa-Bio-Tech-CEO-Letter-to-Shareholder-and-Stakeholders.html
OTC QB status confirmed on June 30th.
https://backend.otcmarkets.com/otcapi/company/financial-report/251138/content
Record of revenue being met in 2019 however.
Chinese government appear to be supporting agriculture industry.
Economic news for China improving currently.
Both factors in Kiwa's favor while waiting for update from company.
If you call this 7.5 m USD deal a failure, I will take it!
https://www.globenewswire.com/news-release/2020/03/30/2008164/0/en/Kiwa-Bio-Tech-Announces-Agreement-with-China-State-Owned-Enterprises-to-Develop-New-Fertilizer-Market-Areas-Including-An-Initial-Order-of-at-Least-Seven-Million-Five-Hundred-Thousa.html
Xi stresses further revitalizing northeast China
"I care very much about grain production and food security," Xi said, demanding that Jilin should make efforts to ensure food security, accelerate the transformation of agricultural development, and provide more experience in developing modern agriculture.
Walking into a cornfield, Xi stressed the integration of agriculture and technology, noting that farmers should be able to use the best technology to grow top-quality grains.
He also demanded effective measures to protect and utilize the high-yielding black soil.
Support should be given to new types of agricultural businesses such as family farms and farmers' cooperatives, Xi said during a visit to a farmers' cooperative, encouraging the development of specialized cooperatives suited to local conditions across the country."
http://www.xinhuanet.com/english/2020-07/25/c_139238399.htm
China's economy to grow 2.5% this year: UBS report
"China's economy will edge up 2.5 percent in 2020, according to a report by UBS Group AG that raised its forecast from 1.5 percent due to the recovery in domestic consumption and strong investment.
Chinese economy will expand 5.5 percent this quarter from a year earlier, and 6 percent in the final three months of 2020, the bank's chief China economist Wang Tao said."
https://news.cgtn.com/news/2020-07-27/China-s-economy-to-grow-2-5-this-year-UBS-report-StaNwfslm8/index.html
https://www.bloomberg.com/news/articles/2020-07-23/china-s-economy-will-now-grow-2-5-this-year-ubs-says
Do you have an estimate of when Kiwa will receive the proceeds for the remaining two current assets (i.e. within the next 5 months):
(i) Sale of the Subsidiary of $2,000,000
(ii) Note Receivable of $7,140,000. Did you get a response on your enquiry with the auditor on this item?
With the $2m 3rd party loan matured on June 30th, the company could be cash rich now. We can expect they pulled in about $20m in revenue so far this year (accelerated into cash with help of bank loan facility) if one takes less than half of the expected $48 m in revenue for 2020.
The question is then what are they up to now with regards to
(1) paying all expensive debt
(2) expansion of plant for fertilizer production
(3) growing market share in soil remediation and aquaculture
The stock already has dropped 99%. The market cap is incredibly low now.
They already did a 200:1 RS in recent years and stated they will not do a RS to increase the PPS in the near future.
I absolutely do not welcome more dilution.
Long term shareholders need to see the emergence of the large business that has been in the making for the past decade.
World Economic Forum’s New Nature Economy series
"The report highlights the need for a fundamental transformation across three socio-economic systems, which represent over a third of the global economy and provide up to two-thirds of all jobs. These systems are: food, land and ocean use..."
https://www.weforum.org/reports/new-nature-economy-report-ii-the-future-of-nature-and-business
"Food, land and ocean use: What we eat and grow makes up around $10 trillion of global GDP and employs up to 40% of the global workforce. Nature-positive solutions can create 191 million new jobs and $3.6 trillion of additional revenue or cost savings by 2030. Here are some examples:
Diversifying the diet: Some 75% of the world’s food comes from 12 plant and five animal species. Animal products provide 18% of calories but take up 80% of farmland. A more diversified diet of vegetables and fruits can create $310 billion in business opportunities annually by 2030.
Technology in large-scale farms: Over 4.3 million jobs and $195 billion in business opportunities can come from precision-agriculture technologies by 2030. With 40% improvements in yields expected, investments could yield returns of over 10%.
Fishing: It takes five times the effort to catch the same amount of fish now as it did in 1950. If the ‘business as usual’ approach continues, wild fish stocks will decline by 15%. This will cost the industry $83 billion, as boats will have to travel further and fish deeper. Sustainable ecosystem management is one way to tap into a $40 billion opportunity for the maritime industry worldwide.
"
https://moderndiplomacy.eu/2020/07/22/wef-395-million-new-jobs-by-2030-if-businesses-prioritize-nature/
Why not?
Kiwa has a 'principal' technology recognized by government. As recent as April 30th, Kiwa released a PR on a new joint venture. They stated recently their intentions on moving to soil and water with their microbial technology.
"Presently, the Chinese government has vigorously promoted the treatment and restoration of polluted land and water resources and plans to invest significant funding to implement remediation projects. Through many experiments related to remediation and restoration of polluted agricultural land, the government has recognized the Company’s core microbial technology as one of the principal technologies for remediation of soil and water resources.
Along with Company’s core technology, Kangxi will engage in technical cooperation with Northwest Agricultural and Forestry University of science and technology, Northwest University, Fudan University and Qingdao VLand Bio-Tech Inc. and Xibaokun, which will take advantage of its government resource relationship to implement soil and water resources remediation and treatment projects with government agencies in Shaanxi province and Zhejiang."
Mr. Wade Li, CEO of Kiwa Bio-Tech commented, “The joint venture will focus on environment protection and will extend our business plan from the original agricultural fertilizer market to enter the soil restoration business field. We believe that our government recognized microbial technology couples with our strong partnerships with prestigious universities and research institutions have positioned us well to address ring-fenced soil remediation projects.”
https://www.globenewswire.com/news-release/2020/04/30/2024988/0/en/Kiwa-Bio-Tech-Established-Joint-Venture-to-Address-Ring-fenced-Soil-Remediation-Projects.html
Waiting for follow through on their promises....
They reaffirmed the QB status on June 30th. They should want to keep that by completing the filing before risking loss of that status.
"Facing China's nearly 35 billion USD new fertilizer market in the future, as well as nearly trillion USD soil remediation market, Kiwa will be based on the existing business to rapidly expand fertilizer market share, to obtain soil remediation market share, and of course show our shareholders a great performance."
https://www.globenewswire.com/news-release/2020/03/09/1996966/0/en/Kiwa-Bio-Tech-CEO-Letter-to-Shareholder-and-Stakeholders.html
“Kiwa plans to achieve fertilizer sales of no less than 200,000 tons in 2020, which will increase by nearly 20% compared with our total sales in 2019.” Added Li.
“Kiwa Bio-Tech expects the value of the company to continue to improve during the next 12 months due to increased sales performance and will not use reverse splitting of shares to improve the share price.” Stated Kiwa Bio-Tech’s CFO Mr. Man Yun.
https://www.globenewswire.com/news-release/2020/03/30/2008164/0/en/Kiwa-Bio-Tech-Announces-Agreement-with-China-State-Owned-Enterprises-to-Develop-New-Fertilizer-Market-Areas-Including-An-Initial-Order-of-at-Least-Seven-Million-Five-Hundred-Thousa.html
China supporting agriculture: 'senior agro-technician' titles
"East China's Zhejiang Province has awarded the highest professional title in the field of agriculture to four professional farmers for the first time."
http://www.xinhuanet.com/english/2020-07/21/c_139230203.htm
China allocates flood relief fund to farmers, agriculture production
"China has allocated a 330 million yuan (US$47 million) disaster relief fund to help farmers and agricultural production in southern provinces, as large parts of the country suffer the worst flooding in decades."
https://www.channelnewsasia.com/news/asia/china-allocates-flood-relief-fund-to-farmers--agriculture-production-12952310
China's tightened organic focus
New guidelines for organic sampling and testing brings things closers to international standards.
"With the interest in organic food at an all-time high in China..."
https://www.foodnavigator-asia.com/Article/2020/07/22/China-s-tightened-organic-focus-Grapes-and-vegetables-top-list-for-mandatory-contaminant-tests
DWS smells profit in water and soil remediation in China
Kiwa Biotech should keep a look out for big investment funds looking to participate in this space.
"The COVID-19 pandemic has amplified the importance of reducing pollution to the environment in China and propelled ESG trends and opportunities for investors” said Priscilla Lu, Head of Sustainable Investments for Asia Pacific at DWS, and a member of People’s Bank of China Green Finance Committee. “This renewed government focus has led to advancing technology for improved waste management and sanitation systems. Our Sustainable Investments team is looking to help fuel this increased focus on environmental remediation, which is also strongly demanded by China’s growing middle class as they seek a higher quality of life and healthier communities.”
https://www.businesswire.com/news/home/20200716005079/en/DWS-International-Environment-Group-Ltd.-Announce-Investment
“This renewed government focus has led to advancing technology for improved waste management and sanitation systems. Our sustainable investments team is looking to help fuel this increased focus on environmental remediation, which is also strongly demanded by China’s growing middle class as they seek a higher quality of life and healthier communities,” added Lu.
http://www.fundsglobalasia.com/news/dws-taps-into-china-s-waste-management-opportunities
China reports V-shaped year-on-year bounce in Q2
"The latest data from the National Bureau of Statistics showed China's "V-shaped economic recovery" continuing for a fourth consecutive month, "led by strong domestic demand," said Andy Rothman, San Francisco-based investment strategist with money manager Matthews Asia, in an email.
"If COVID-19 remains under control," he said, "China can remain the world's best consumer story."
https://www.pionline.com/economy/china-reports-v-shaped-year-year-bounce-q2
Changes in farming urgent to rescue biodiversity
"This year is crucial for biodiversity, not just because time is running out to conserve insects and other wildlife, but also because the 15th Convention of the Parties (COP15) will meet in China for the UN Biodiversity Conference, now in 2021 due to COVID-19. At COP15, the post-2020 Global Biodiversity Framework will be agreed which has targets to reduce threats to biodiversity. The authors have elaborated how agroecological principles can help meet each of these targets."
https://www.eurekalert.org/pub_releases/2020-07/uog-cif072020.php
Integrating agroecological production in a robust post-2020 Global Biodiversity Framework
"Agroecological production is a comprehensive framework for the sustainable use of biodiversity that also supports productivity and resilience. Farmers benefit from diversified systems through increased economic resilience, reduced dependency on agrochemical inputs, and in subsistence systems more diverse and nutritious foods. "
"Eco-certification and agricultural policies — if well informed and implemented — provide important opportunities to encourage diversified farm and landscape measures for conservation."
https://www.nature.com/articles/s41559-020-1262-y
Alright. I see that the green drop down boxes for product description appear to contain more detail and in relatively high quality English. The product promotion links for that page do not work yet but they do on the other pages. It appears to be a work in progress. Thanks for pointing out what you noticed. It is a sign of business activity.
I do not see a change or see a press release on a new product, etc. The diagram for the product range is already on the welcome page here. Products with the icons and content descriptions were already displayed in that section. You seem convinced of some change and that is fine if there is some detail you noticed to tell us. However, I am also sure the 'under development' message has been there for many months. This is despite the press release on a joint venture in soil remediation. To me, it seems uncharacteristic for Kiwa not to highlight the growing revenue from 2019 on their press release page.
I am not worried since the company has been active very recently in June for the 10K and QB status. The guidance for 2020 was given as a 20% increase in fertilizer revenue and the receivables are expected to be accelerated now with the new bank lending facility. As a long, I am holding and waiting in anticipation of strong revenue growth, a cleanup of debt, an improved cash position and expansion in new product categories in huge markets.
Agreed.
The improved water soluble fertilizer was announced last year.
https://www.globenewswire.com/news-release/2019/07/29/1892700/0/en/Kiwa-Bio-Tech-Achieves-Agriculture-Breakthrough-With-New-Fertilizer-Processing-Technology.html
The bottle of KETS microbial fertilizer looks to be in the hand of a visitor to the KIWA booth at the 2018 CAF (see welcome page above).
http://kiwabiotech.com/kiwa/microorganism-bacterium-agent-series/
https://www.globenewswire.com/news-release/2019/10/24/1934719/0/en/Kiwa-Bio-Tech-Announces-Participation-at-China-Yangling-Agricultural-Hi-Tech-Fair-Opening-Ceremony.html
I do not think KIWA have been doing anything for the website. After being here a very long time, it is odd to not see their press release put on their website. Maybe the IT support was let go to save on costs at this time or they are planning a new website layout and design. The OS stopped updating on the OTC website as the filing became delinquent. It is a terrible time for a software failure. I do not recall them every delinquent with a filing which is the most unusual point.
We have several facts at hand and I am waiting to see the company grow further:
The convertible debt dilution has been unprecedented for KWBT.
The founder has taken over as CEO recently.
https://www.globenewswire.com/news-release/2020/03/06/1996414/0/en/Kiwa-Bio-Tech-Announces-The-Appointed-Mr-Wade-Li-As-CEO.html
They confirmed OTCQB status less than a month ago and provided the 10K before that with a press release that fulfilled the promise of 2019 revenue.
I believe they have a reasonable chance for meeting the 2020 revenue guidance with China supporting the agricultural sector:
"With uneven economic recovery measures, PBoC will adopt a targeted approach to help the economy
We have only seen the PBoC cut interest rates for a lending program for the SMEs and the agricultural sector, which we categorised as targeted measures, not broad-based easing."
https://think.ing.com/snaps/china-central-bank-on-hold-during-uneven-economic-recovery/
or maybe they are busy on other more important matters and not considering the website too much. The 'under development' page has been there all year which means their IT support (if any) are not too busy.
They already issued an amendment to the 10K on June 1st.
https://ih.advfn.com/stock-market/USOTC/kiwa-bio-tech-products-qb-KWBT/stock-news/82575529/amended-annual-report-10-k-a
It could be all the filings and corporate & committee structures are been carefully re-examined at this time as a matter of procedure for companies with Chinese operations and listed in the US. I am happy their US auditor is top quality so let it be put through the microscope or whatever is delaying it.
"The aggregate audit fees for 2019 paid and payable to Friedman LLP were approximately $220,000. The aggregate audit fees for 2018 paid and payable to Friedman LLP were approximately $205,000."
With so much time passing, other deals may be in the works and another suggests a quiet period is possible. I am waiting patiently here knowing the revenues are large and growing.
If the PPS can get back near 0.02, trading off the neckline of a double bottom could get interesting.
Hope you are right and there is a reasonable explanation for the silence that will soon present itself.
It is also odd that the Press Release page on their website did not update with the 2019 financial results.
https://kiwabiotech.com/kiwa/news-release/
https://www.globenewswire.com/news-release/2020/06/01/2041320/0/en/Kiwa-Bio-Tech-Reports-Fiscal-Year-2019-Financial-Results.html
Double bottom looks confirmed
Either that 50MA is the resistance or there is a breakout level near 0.02 taken from the neckline (if the jump to 0.0345 is neglected). 200 MA has come way down now to 0.054, which is near where we were in late February.
Too many unknowns.
We can only guess and wait while IR remain quiet and are not responding to anyone.
1. Edgar issue still? There is no update to say the issue was resolved, which suggests this is the likely delay.
https://www.sec.gov/filergroup/announcements
2. COVID19 related delays. Extension of 45 days was granted and so KWBT is being processed via this extended channel that may not be running smoothly for KWBT.
https://www.sec.gov/oit/announcement/reminder-filers-covid-19
3. China related due to the EM meeting yesterday. Company is US based with operations in China. High quality auditor and latest 10K filing was good. I see other Chinese related companies on OTC have filed so this is unlikely the issue.
https://www.sec.gov/news/public-statement/clayton-emerging-markets-roundtable-2020-07-09
4. KWBT is just late to file. However, I do not recall them delinquent in over 10 years and the OTCQB disclosure on June 30th suggested they were up to date with filing.
https://backend.otcmarkets.com/otcapi/company/financial-report/251138/content
KWBT branded products could do well on e-commerce platforms
“Safety and health-consciousness” have never been so emphasized in China, said Hou Yi, chief executive and founder of Hema Xiansheng, China’s online grocery market platform.
Hema Xiansheng, the only Chinese supermarket chain operating both online and offline channels, virtually dominates Chinese online grocery scene. Its business has been gaining steam during the COVID-19 crisis, with its sales more than tripling.
"Preparing for the post-COVID-19, the company is striving for ‘zero toxicity’ to add consumer concerns over health and safety. As consumers now have high interest in healthy food and produces, it has extended food items containing zero growth enhancer, artificial hormone and chemical pesticide from organic vegetables to every vegetable, fruit and meat, he said."
https://pulsenews.co.kr/view.php?year=2020&no=643043
Technology will lead to innovation within China's agriculture
"China's e-commerce giants are using data capabilities and supply chain upgrades to help boost development of the agricultural sector."
"underground sensors send back soil analysis so that nutritional supplements can be added when needed."
"The e-commerce giant hopes to add several dedicated warehouse and dispatch centers close to produce-growing areas to provide faster shipment. Three dedicated warehouses close to the origin of produce are expected to be established by the end of this year in the cities of Xi'an, Chengdu and Zibo as part of a nationwide supply chain."
https://www.freshplaza.com/article/9233611/technology-will-lead-to-innovation-within-china-s-agriculture/
Xi'an is the capital of Shaanxi province. Kiwa Biotech is based in Shaanxi province.
https://www.globenewswire.com/news-release/2019/05/02/1815233/0/en/Kiwa-Bio-Tech-s-44-5-Million-Headquarters-and-Manufacturing-Facility-Named-As-a-Key-Construction-Project-in-Shaanxi-Province-for-2019.html
China – Banks to back employment and work recovery
New financing opportunities for Kiwa Biotech?
"The People’s Bank of China added that credit loans should be increased for the manufacturing and strategic emerging industries. Financial institutions should also boost services related to technology, green development and pension industries. The meeting also urged financial institutions to defer the principal, interest repayments on loans taken by micro, small and medium-sized enterprises."
https://www2.staffingindustry.com/row/Editorial/Daily-News/China-Banks-to-back-employment-and-work-recovery-China.org.cn-54412
China Leveraging Green Finance for a Green Economic Recovery
https://www.nrdc.org/experts/alfonso-pating/china-leveraging-green-finance-green-economic-recovery
"Chinese PMI hits highest level in a decade in latest sign that the world's 2nd largest economy is surging back"
https://markets.businessinsider.com/news/stocks/china-economy-pmi-caixin-10-year-high-coronavirus-economic-recovery-2020-7-1029365075#
There 2020 revenue target looks realistic.
China: Recovery looks faster than forecasted – UOB
https://www.fxstreet.com/news/china-recovery-looks-faster-than-forecasted-uob-202007010926
Thanks for info. I wonder why the date for OS does not update
https://www.otcmarkets.com/stock/KWBT/security
I think they basically wrote that they filed already through the OTC disclosure on June 30th, signed by the CEO.
China's manufacturing PMI picks up in June
http://www.xinhuanet.com/english/2020-06/30/c_139177223.htm
China’s Soil Pollution Crisis
"Rapid industrialisation has left a legacy of soil pollution that is damaging health and livelihoods across China"
https://chinadialogue.net/en/series/chinas-soil-pollution-crisis/
Perhaps some of this green financing can support sustainable farming practices.
China Leveraging Green Finance for a Green Economic Recovery
https://www.nrdc.org/experts/alfonso-pating/china-leveraging-green-finance-green-economic-recovery