Dhanin Chearavanont, senior chairman of Charoen Pokphand Group (CP Group), said he has confident of the Shandong market and that the company's investment in the province will continue to grow in the years to come.

Dhanin made the remarks during his online speech at the "Connecting Shandong with Fortune Global 500" ASEAN special event, which was held on Sept 22 in Jinan, capital of Shandong.

Dhanin Chearavanont, senior chairman of Charoen Pokphand Group [Photo/commerce.shandong.gov.cn]

"Shandong, the country's production base for agricultural products, can also become the world's hub for vegetable-related foods, featured industrial products, electronic products, and more," he said.

Thai conglomerate CP Group is one of the first multinational companies to invest in China and has significantly contributed to the economic and trade cooperation between China and Thailand.

To date, CP Group has set up more than 600 enterprises in China with a total investment of over 120 billion yuan ($17.66 billion).

The company has invested more than 10 billion yuan in Shandong industries such as agriculture, commercial services, medicine, animal husbandry and food manufacturing.