The challenge China faces today is how to establish the ideal New Normal. The challenge ChemChina faces today is how to get rid of the Old Normal.

At ChemChina’s work conference held at the beginning of this year, I put forth two priorities around the central task of improving business quality and efficiency, which are the cornerstone for us to achieve sustainable development. The first is to try our best to establish an advanced business model, and the second is to act faster to build up an effective incentive and restrictive mechanism. A modern business model usually has the following characteristics—being market-oriented, innovation-driven, inter-disciplinary coordinated and talent-guaranteed.

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