Asian companies remain committed to China despite economic headwinds, trade tensions

Asian companies remain committed to China despite economic headwinds, trade tensions


Other Asian firms shared similar views.

Mr Hyuk- Tae Kwon, i- founder and CEO of Singapore- based venture capital firm Pine Venture Partners, said China remains the nearest business, and one of South Korea’s largest import and export lovers.

” It’s too large to ignore”, he added, perhaps as political concerns drive some firms to transfer their assets to the area.

Mr. Kwon claimed that China’s focus on innovation and AI sends a encouraging message to investors. &nbsp,

” There are a lot of options I even see in China regarding ageing population, medical, food tech”, he noted.

There is a bit of impact that can be transferred over to China if you have the appropriate systems and business concepts that have worked in smaller areas, like Singapore and South Korea.

However, he acknowledged that operating in China is a whole different game activity, as each area may have different requirements.

” I believe that China’s operational difficulty has increased considerably. Instead of trying to do everything on your own in China, because the adjustments are very quick and drastic, I would advise some of my customers to find a competent and reliable companion as a fresh approach.

” With the right circulation lovers, you may have a higher chance of success in today’s business environment”.

Regarding those who managed to survive Beijing’s tight restrictions during the COVID-19 era and remain there, Mr. Kwon said they will benefit from China’s subsequent economic recovery.


Foreign colleagues have had to adapt to changing laws and changes while waiting for the flood to turn. &nbsp,

Ho Ren Hua, CEO of Thai Wah Public Company, said this was the most important moment China emerged from COVID-19.

He claimed that China has put more emphasis on food safety, focusing on supply chain design and quality, among other things.

” That discusses source and origin tracking. And we’ve been working a bit with our purchasing groups, our provide power, all the way to the farm”, Mr Ho said.

His Thailand- based food corporation, which exports cassava to China, now has activities in Shanghai, Qingdao and Guangzhou.

Mr. Ho noted that as the pandemic spread and digitalization advanced, Foreign eating habits even changed.

” We look at different types of business programmes, starting with current hypermarkets to direct to consumer systems, to food financial companies”, he added. &nbsp,

” Food finally is an economy of style, texture and taste. The Chinese client becomes more picky about different types of preferences, appearance, flavouring. Therefore, there are still a lot of potential for food in China over the long term.

Mr. Ho thinks that any geopolitical quake will be averted by the strong connection between Southeast Asia and China given these growing trends.

Tapioca is exported to China by his Thailand-based food business.

Because there is a significant reciprocal dependence between the Chinese economy and Southeast Asian economies, Mr. Ho said,” we do n’t anticipate there will be” significant tariffs or trade barriers between China and Southeast Asia in the near future.”

” Food product flow will continue to expand in both directions.”