陈智高 and 王明月 discuss the convictions and insights behind Thai billionaire Dhanin Chearavanont's continued investment in the Chinese market.
Download the app here:- Chinese Short Dialogue | Website
- Chinese Short Dialogue | App Store
- Chinese Short Dialogue | Google Play
Available in 8 languages on the app:Learn Chinese | 중국어 배우기 | 中国語を学ぶ | Изучать китайский язык | Học tiếng Trung | Belajar bahasa Mandarin | Aprender chino | تعلم اللغة الصينية
《English Translation》王明月: Master, have you seen the recent news? Thailand's richest man, Dhanin Chearavanont, said, 'When everyone retreats, I advance,' and he is determined to invest in the Chinese market. Why is he so confident in China?
陈智高: Hmm, this is very interesting. Dhanin Chearavanont's family business, CP Group, entered China in the early days of the reform and opening up and participated in the rapid growth of China's economy. His persistence is not only a trust in the Chinese market but also a long-term strategic vision.
王明月: But some foreign media are always hyping up the 'withdrawal of foreign capital.' For example, Microsoft and Amazon have reduced their business scale in China. Will this have an impact on China's economy?
陈智高: The withdrawal of foreign capital does exist, but this is an individual phenomenon and does not represent the overall trend. Companies like Microsoft and Amazon are withdrawing because their businesses are not competitive enough in the Chinese market. Those truly competitive companies, such as Tesla and Volkswagen, have increased their investment in China.
王明月: I see. So what do you think Dhanin Chearavanont's 'When everyone retreats, I advance' specifically reflects?
陈智高: This reflects that the attractiveness of the Chinese market lies in its structural advantages. For example, in areas like new energy vehicles and high-end manufacturing, China is already at the forefront globally. What Dhanin Chearavanont sees are the new opportunities after China's shift to higher gear and faster speed.
王明月: Indeed, China's new energy vehicle exports are already the world's largest. Foreign companies have begun to rely on Chinese technology to develop global markets. Is this a new model of 'centering on China'?
陈智高: You could say that. China is no longer just the 'world's factory' but has become a global hub for innovation and high-end manufacturing. This is precisely what far-sighted entrepreneurs like Dhanin Chearavanont value.
王明月: Master, what you said makes me think of a question. How should we guide more foreign companies to deeply cultivate the Chinese market like CP Group?
陈智高: The key is to create a stable market environment while promoting industrial chain upgrading. The most important thing is to enhance our own core competitiveness so that foreign capital can see the long-term value of cooperation. As the saying goes, 'To retain people, first retain their hearts.'
王明月: That makes sense. Dhanin Chearavanont's persistence makes me understand one thing: in any market, only those who are willing to adapt to changes and seize opportunities can truly survive and thrive.
陈智高: Well said, 明月. The economy is like a river, with ebb and flow. But as Dhanin Chearavanont demonstrates, those who can invest during the low tide will reap the rewards during the high tide.