Business Services Industry
Thai Food Company Announces New China Strategy.
Knight Ridder/Tribune Business News, May, 2002
Bangkok Post, Thailand Knight Ridder/Tribune Business News
May 23--The Charoen Pokphand Group's investments in China will enter a period of "harvesting" over the next 10 years according to chairman Dhanin Chearavanont.
CP, known as Zheng Da among the Chinese, entered the mainland more than 20 years ago. According to Mr Dhanin, the group has now completed its investment strategy for the Chinese market of 1.3 billion people.
"Following China's accession to the World Trade Organisation, the CP Group has grown even more confident about investing in China," Mr Dhanin said at an international conference on the future of Asia, held in Tokyo yesterday and organised by Nihon Keizai Shimbun.
He expressed confidence that the Chinese...
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