FountainVest Partners Chief Executive Frank Tang has urged European companies to look to Asia to sustain growth, as economic and structural pressures intensify across Europe, according to a report by Bloomberg.
Speaking on the sidelines of the World Economic Forum in Davos, Tang said Asia continues to offer deep pools of demand and a growing engine of innovation, particularly in China. He added that European businesses could gain a competitive edge by co-innovating in Asian markets and leveraging the region’s global purchasing power as part of their expansion strategies.
Tang said global investor sentiment towards China is recovering after a prolonged period of caution, with investors reassessing risk and recognising the resilience of high-quality companies following an extended period of economic stress. He added that innovation remains a key driver of growth, particularly in sectors such as life sciences and consumer-facing industries.
