Top Chinese entrepreneurs commit to Middle East expansion despite Iran war
TCL and Xpeng founders also vow to keep investing in Latin America – despite US intervention in Venezuela this year
“I believe that as a globalised enterprise, we cannot afford to give up any major market,” said Li, also a deputy to China’s top legislature, the National People’s Congress (NPC), in an interview on Thursday.
“It’s perfectly normal for any country or region to experience some political fluctuations or economic crises. From a corporate perspective, there’s no need to let such an isolated incident affect our long-term strategic planning,” Li said on the sidelines of the NPC’s closing ceremony.
As one of the first Chinese companies to manufacture globally, TCL has established factories spanning from Southeast Asia to Latin America over the past 20 years.
While TCL would continue to strengthen its global footprint, its strategy must evolve in response to rapidly changing global investment and trade rules, Li said.
“Only by firmly committing to globalisation can you win the future,” he added.