Luen Thai eyes dual-circulation, RCEP for expansion
By ZHONG NAN |
China Daily |
Updated: 2021-06-28 00:00
Luen Thai Group Ltd, the Hong Kong-headquartered family-owned conglomerate with vast business interests in the Asia-Pacific region, will continue to increase its investments in the Chinese mainland, given emerging opportunities in the form of the dual-circulation development pattern and the Regional Comprehensive Economic Partnership.
Luen Thai's goal is to tap growth opportunities arising from China's new development strategy and big-ticket multilateral free trade deals like the RCEP, said a senior executive of the company.
Luen Thai and the US-based footwear giant Skechers USA Inc formed a joint venture called Skechers China Ltd in 2007 to sell footwear in China.
