CFA Vice President Liu Awarded “Annual Economic Figure 2013”


cfsnews2mar14On 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.