Nice timing. On the day China said it’s economy is growing faster than expected, two companies from Japan and Thailand made one of their biggest bets on just that.
Charoen Pokphand Group, the first foreign investor in China after Deng Xiaoping opened the economy in 1978, and Japan’s 157-year-old trading house Itochu Corp. agreed to spend $10.4 billion for a stake in state-controlled Citic Ltd.
