Senior executive calls for orderly Chinese expansion in Southeast Asian market

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BEIJING - Chinese companies venturing into Southeast Asia, one of the hottest destinations for overseas expansion, should refrain from flooding the market with homogeneous products and services that would lead to vicious competition, a senior Chinese bank executive has urged.

From January to July, China's direct investment in Asean members increased by 15% year-on-year, he said.

After a meeting in the Laotian capital Vientiane this month, both sides announced that negotiations on Version 3.0 of the China-Asean Free Trade Area (FTA) had reached "substantial conclusion", and they were working towards signing the revised agreement next year.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaUnited States

Topics: Chinese Companies Been Countries Asia Executive China Bank Investment Southeast Asian

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 22:18:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 23127692

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