China will continue its smart manufacturing strategy by adding about 100 new pilot demonstration projects in 2018, according to the Ministry of Industry and Information Technology, Economic Information Daily reported. Insiders think the selection of the projects are likely to include traditional industries such as non-ferrous metals, rare earth, textiles and household appliances. In addition, emerging areas such as 5G, Internet of Things, Internet of Vehicles and smart transportation will also be selected.
According to the 13th Five-Year Plan of Smart Manufacturing, China aims to establish its intelligent manufacturing system and complete the key industries’ transformation by 2025. Miao Wei, Minister of Industry and Information Technology, said that smart manufacturing is the main direction of the nation’s industrial upgrade, and an important starting point for the two national strategies of “Made in China 2025” and “Internet Plus.” Source link
Thailand’s FDI applications up 69% in the first nine months of 2019
The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI
Thailand continued to attract rising foreign direct investment (FDI) in the first nine months of 2019, with increased number of investment project applications according to public agency Thailand Board of Investment (BOI).(more…)
Thai Labour minister calls meeting after U.S. GSP cut
The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences.
BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand, requiring all Thai exports to the U.S. to be subject to duties, has raised confusion among many sectors in Thailand.(more…)
Thailand edges up 6 spots in World Bank’s Ease of Doing Business 2020
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