On Dec. 12, 2013, Liu Mingzhong, Vice President of CFA and Chairman of Xinxing Cathay International Group Co., Ltd, was awarded the title of “China Annual Economic Figure 2013,” which has been a well recognized and the most influential annual economic event in China organized by CCTV since 2010. The theme for the event this year was: wisdom and action of transformation and upgrading. The selection criterion ranged from innovation, responsibility, influence and driving force, contributions to the theme.
The central state-owned company Xinxing Cathay International Group is a global ductile cast iron pipe producer. It also is a development and research base for ductile cast iron and high-end textile products. Since 2005, Mr. Liu Mingzhong has led his company from strength to strength, achieving a 36% average annual increase in business income and a 17.93% increase in profit.