Amid the gloomy outlook, companies are heading overseas once again to grow their business.
Speaking to CNA in Xiangyang city, Tenglong Automobile vice president Zhou Shengming said: “It was inconvenient for the sales staff to go overseas because they are subject to all kinds of restrictions when they head out and come back.” The company has seen more potential clients visiting from abroad. It has also set up a branch in Beijing to handle the export of its products.
Tenglong Automobile expects overseas orders to increase by up to three times this year, as compared to 2022.
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