China Global Television Network America, one of 42 television channels produced and broadcast by China Central Television (CCTV), the world’s largest broadcaster with a reach of more than 1.2 billion viewers, recently interviewed Steven Gu, Director of PYA’s U.S.-China Business Advisory Services. During the live broadcast, Gu provided his thoughts on the recent merger between ChemChina and Syngenta.
According to Gu, the merger is a strategic move that supports ChemChina’s long-term growth strategy. Gu also noted that Syngenta is one of the world’s foremost seed and agrochemical companies, and that this deal is good news for domestic trade.
“Both Syngenta and ChemChina are playing defense on this deal,” said Gu. “This industry is going through lots of consolidation and changes…. Both Syngenta and ChemChina face tough competition, so it just makes sense for them to come together to join forces.” Gu also provided insights on the future of ChemChina as it competes with other leading chemical suppliers.
CCTV News is a global English language, 24/7 news and current affairs channel that can be viewed in more than 85-million homes across more than 100 countries and territories. Through cable and satellite, it is in nearly 30-million households (encompassing 75-million viewers) in the United States.
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