Senior executive calls for orderly Chinese expansion in Southeast Asian market

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.

Internationally competitive Chinese companies’ Southeast Asian operations in the green energy and infrastructure construction sectors had subjected local companies to a great deal of pressure, said Lin Jingzhen, Bank of China’s executive director and executive vice-president.

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