China’s biggest foreign-invested joint venture, a massive petrochemicals complex, has successfully started production, according to official media.
The US$4.3 billion joint venture in Daya Bay, Guangdong, is between China National Offshore Oil Corporation (45 percent), and Shell Petrochemical Company Limited (50%), with the Guangdong government holding the remaining 5 percent.
See related news:
- China’s largest public-foreign venture starts production 
NewKerala.com, India – Feb 10, 2006
… CNOOC, Royal Dutch Shell and the Guangdong provincial government invested in the USD 4.3 bn project, which is the largest joint venture in China. …