Word: haier
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Dates: during 2010-2019
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...rumbling of Chinese competition has been growing steadily louder this month. According to the Bangkok Post, for example, China's consumer appliance giant Haier is planning to take advantage of the FTA by investing $9 million more into its factories in Thailand to churn out more fridges, washing machines and air conditioners. Indonesia is so jittery by the prospect of such moves that the country's Trade Minister, Mari Pangestu, has notified the secretariat of ASEAN (Association of Southeast Asian Nations) that Jakarta wants to delay the inclusion of hundreds of domestically produced items like textiles, food products and electronics...