Central shifts focus from tough China | Bangkok Post: business

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Central shifts focus from tough China

Retail giant looking at Europe and Asean

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Central Group, the country's biggest retail conglomerate, will cut back its investment plan in China and shift its focus to Europe and Asean. 

The move owes to China's massive size, which creates difficulty in meeting the demands of consumers in the various regions.

In addition, Central entered the Chinese market late, according to a source, with local department stores forcing Chinese suppliers to ignore the latecomer.

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