Connect with us

China

Chinese investment in Thailand on the rise

Avatar

Published

on

At a seminar yesterday on cooperation between Thailand and Guangdong held by the Thai-Chinese Chamber of Commerce at the Shangri-La Hotel with over 1,000 participants, agreements were signed for investments in infrastructure, construction, hospitals and telecommunications as well as trading in rubber, agricultural crops and textiles.

Loading...

Bilateral investment will grow by 40-60 per cent within two years after the Asean-Thailand Free Trade area goes into effect next year, Industry Minister Charnchai Chairungruang said.

The deals were another step towards tightening trade, investment and cultural ties with Guangdong, he said.

“At the seminar, there was one-on-one business matching. I expect that there should be agreements to invest at least Bt50 billion,” he said.

Wang Yang, secretary of the Guangdong Provincial Party Committee, emphasised expanding cooperation by promoting SMEs in the Chinese province to invest in Thailand and importing more fruit and rice from the Kingdom.

Chinese involvement in trade and investment in Thailand is on the rise, with investment projects worth US$733 million (Bt24.5 billion) in the pipeline.

Thailand was highlighted for investment in the electronic, telecommunication, textile and utilities industries, but he also welcomed Thai investors to the province.

Thai investors injected $547 million into Guangdong last year, or one-sixth of the total investment from Thailand to mainland China, he said.

Two-way trade climbed 10.4 per cent to $13.19 billion last year, or one-fifth of total trade between the two countries.

via Chinese investment on the rise – Nationmultimedia.com.

Comments

China

Will Myanmar’s coup help China influence ASEAN?

The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.

Avatar

Published

on

On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.

Loading...
(more…)

Continue Reading

China

Rapid growth in China post-COVID makes it ripe for investment

Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.

Avatar

Published

on

China’s economy rebounded sharply.

In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.

Loading...
(more…)

Continue Reading

China

Mainland China is in no position to take Taiwan by force

Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.

Avatar

Published

on

The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,001 other subscribers

Latest

Trending