Signs of Recovery
Aug 06, 2020
4 minutes
By Wang Jun
Copyedited by Sudeshna Sarkar
Saravoot Yoovidhya has several attachments to China. The CEO of Thailand’s TCP Group, a major player in the energy drink market, says Hainan in southernmost China is his family’s ancestral home. Also, China is the largest market for his company’s products and to nurture the potential, TCP is building a manufacturing plant in Beijing that will become operational next year. In the next three years, the group will invest over $150 million in China to grow its market share and launch new products for its global portfolio, creating local jobs in the process.
The TCP Group is among several foreign investors whose faith in the Chinese market has been buoyed by the resumption of production and
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