Dec 02, 2021 04:09 AM

WORLD

Greater Bay Area Businesses Target ASEAN for Expansion

By Wen Simin and Denise Jia

China’s investment in ASEAN surged 52.1% year-on-year to $14.36 billion in 2020.

China’s investment in ASEAN surged 52.1% year-on-year to $14.36 billion in 2020.

Southeast Asia is the next hot expansion destination for companies in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), a survey showed.

Nearly 60% of businesses in the GBA are considering expansion into the 10-member Association of Southeast Asian Nations (ASEAN) region in the next three years, according to a survey released Tuesday by the Hong Kong Trade Development Council and United Overseas Bank Ltd.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Fire Destroys 900-Year-Old Bridge

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin China Biz Roundup: ByteDance Takes Over Private Hospital Operator in $1.5 Billion Deal

00:00

00:00/00:00

MOST POPULAR

1: In Depth: China’s Plan to Break Foreign Iron Ore Dependence — Mine More at Home

2: Cover Story: Graft Scandal Casts Long Shadow Over China’s Chipmaking Ambitions

3: Yuan Bonds Debut in Russia as Challenge to Dollar Dominance Builds

4: Vacancy Rates in Chinese Cities Signal Risk of Oversupply

5: Hong Kong to Announce Hotel Quarantine Cut as Soon as Monday

SPONSORED

OR