CP Group confident in China’s economy

This shift is part of their strategy to outpace European car technology. A Chinese saying, “Change lanes to overtake”, exemplifies the shift towards investing in electric vehicles (EVs) to replace internal combustion engine vehicles, Thanakorn added.

At a recent business conference in Hainan, three industries in which China is seeking investment were highlighted. These are clean energy technology, including solar cells, wind energy, and energy storage technology; processed and ready-to-eat foods, a sector in which Thai food brands have significant opportunities; and the service industry, especially tourism-related businesses like hotels and airlines, to support the creation of new cities.

Despite China’s economic growth rate being lower in recent years, the country’s current economy is immense and continues to expand slowly. There is plenty of potential for Thai entrepreneurs…