The U.S. -China Business Council (USCCB) 50th Anniversary Gala Dinner was grandly held at the Shanghai International Convention Center on November 3.

The event was hosted by Craig Allen, President of the U.S. -China Business Council, and Nicholas Burns, U.S. Ambassador to China. Burns), Chinese Ambassador to the United States Xie Feng, Vice Mayor of Shanghai City Huayuan, Vice Governor of Jiangsu Province Fang Wei and other Chinese and American government leaders delivered speeches respectively. At the same time, Zhu Ji, Cabot's global executive vice president, member of the Management Executive Committee, president of the global high-performance materials business, and president of the Asia-Pacific region, was invited to lead the Chinese management team to attend this event with nearly 500 government officials, business leaders and celebrities. An important event to conduct in-depth discussions on issues of common concern.

Wang Weicheng, Vice President, Managing Director of Cabot Company in China and Business Director of Functional Reinforcement Materials in China, Song Pengfei, Director of Safety, Health and Environmental Affairs in Asia Pacific, and Dong Xinlong, Director of Corporate Affairs in China, accompanied Executive Vice President Zhu Ji to attend the dinner.

In 1988, Cabot was one of the first foreign-funded enterprises to enter the Chinese market, becoming the first foreign-funded chemical enterprise to settle in Shanghai. Since entering the Chinese market, Cabot has continuously expanded its industrial layout, with a cumulative investment of more than US$1 billion, and has 9 production plants and 4 sales representative offices. In addition, the Asia-Pacific headquarters, Asia-Pacific technology center and global business service center Shanghai Delivery Center have been established in Shanghai. China's business already accounts for 27% of Cabot's global business, exceeding the total business volume in North America, making China the world's largest single market. In the future, Cabot will continue to adhere to its commitment to the Chinese market and provide support for the high-quality development of the industry through continuous innovation and cooperation.