News Snapshot:
Foshan, located about 133km northwest of Hong Kong, is the fourth-largest economy in the Greater Bay Area and home to some of the world’s biggest companies and richest billionaires. Behind the city’s 1.08 trillion yuan (US$164.7 billion) economy is an assembly of manufacturing giants, the most famous of them being home appliances maker Midea Group and Foshan Haitian Flavouring & Food. Some 41 Foshan-based companies are traded on the Shanghai and Shenzhen stock exchanges, according to data compiled by the China Business Industry Research Institute. They commanded a combined market value of 1.61 trillion yuan at the end of 2020....
