Foreign firms tapping into emerging industries

Green expansion: A worker inspects solar panels at a solar farm in Lanzhou, Gansu province. China’s strategic emerging industries have seen rapid expansion in recent years, — Reuters

BEIJING: Upbeat about the business opportunities in China’s new energy sector, global industrial gas supplier Air Products has been scaling up its stake in the country.

Last year, the company established its Asia hydrogen application technology centre in East China’s Zhejiang province, where it is also building China’s first commercial-scale liquid hydrogen plant.