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President Of Suntory (China) Holding Says China Was A “Bright Spot” In 2020

February 8, 2021: 12:00 AM EST
Thanks to the COVID-19 pandemic, the company’s global business slid by five percent in 2020. But China managed to buck that trend. According to Tetsuho Kikuchi, director president, the Chinese market turned out to be a rare bright spot where Suntory saw positive figures for 2020, as it did in 2019. This was due to the country’s effective prevention and control of the pandemic and the steady economic recovery. And because of that surprising performance, Suntory hopes to further increase sales in China from around $310 million to $3.1 billion over the next decade, expanding business from the eastern part to the whole country. Kikuchi said China is “the most important market in the world, and Suntory wants to keep pace with China’s growing economy.”
Huang Yixuan, "China now Suntory's most important market", Shine.cn, February 08, 2021, © Shanghai Daily
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