Sanofi To Invest $1.05 Bln For New Insulin Production Base In Chinafxcue.com

(fxcue news) - French drug major Sanofi plans to invest around 1 billion euros or about $1.05 billion to build a new insulin manufacturing base in Beijing, China, reports said. The move represents Sanofi's single largest investment in China so far, where it has been present for more than 40 years. The investment will boost the manufacturing of insulin to help diabetic patients in the region and enhance the company's supply-chain resilience. The new site, located in an economic development zone in Yizhuang, will be Sanofi's second production base in Beijing and its fourth in the country. Sanofi signed a memorandum of cooperation with the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Economic-Technological Development Area or BDA Administrative Committee regarding the investment. According to Sanofi Chief Executive Paul Hudson, the new production base will feature advanced automated production technologies, cutting-edge digital integrated management systems and sustainable environmental standards. Medical journal the Lancet reportedly pointed that China now has the largest number of diabetes patients worldwide.

Sanofi To Invest $1.05 Bln For New Insulin Production Base In China

Bay Street Likely To Open On Mixed Note

Japanese Market Sharply Higher

European Stocks Close Higher Ahead Of Key Economic Data

Australian Market Significantly Higher

South Korea Consumer Prices Fall 0.3% In November

Euro Falls Amid French Political Uncertainty

Sanofi To Invest $1.05 Bln For New Insulin Production Base In China

Eurozone Manufacturing Activity Contracts In November

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Trader

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

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Sanofi To Invest $1.05 Bln For New Insulin Production Base In China

Bay Street Likely To Open On Mixed Note

Japanese Market Sharply Higher

European Stocks Close Higher Ahead Of Key Economic Data

Australian Market Significantly Higher

South Korea Consumer Prices Fall 0.3% In November

Euro Falls Amid French Political Uncertainty

Sanofi To Invest $1.05 Bln For New Insulin Production Base In China

Eurozone Manufacturing Activity Contracts In November

Please sign in

Trader

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Spot gold is expected to rebound to 2620, short selling with a loss of 2627, short looking at 2606-00, target 2590-86; Short selling at 2631 with a loss of 2638, the target remains the same.

Buy more spot gold for profit and take profit

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