Chinese investors are keen to invest  in Thailand’s Eastern Economic Corridor (EEC) as well as in Phuket and Chiang Mai.

This was disclosed by  Deputy Prime Minister Somkid Jatusripitak as he met several major Chinese businessmen. Dr Somkid said a meeting with a top executive of a major Chinese auto manufacturer BYD, Mr Wang Chuanfu, showed the company was interested in several railway projects in Thailand.

BYD Auto is China’s major manufacturer of electric cars, buses, monorail trains and rechargeable battery. Dr Somkid said BYD  is interested in investment in several routes of Thai railway projects.

It plans to invest in monorail system in the Eastern Economic Corridor (EEC) project and other major cities such as Chiang Mai, Phuket to serve expansion of Thailand rail system, he said.

The Chinese manufacturer is also willing to transfer technological know-how in light rail system to Thailand, he said. Meanwhile another Chinese logistics firm Best Logistics Technology Co chief executive Mr Johnny has  decided to invest 5 billion baht in the EEC to develop technology, researches and logistics system. Major Chinese electric auto-maker keen to invest in EEC  – Thai PBS English News

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

How China and the U.S might find a way to collaborate

A retreat from the Chinese economy means a retreat from complex regional supply chains that would cause severe economic and political damage to Asia and the global economy.

SET to list Nasdaq 100 Index DR and China’s STAR 50 Index DR

Investors can trade DR in Thai baht via existing securities accounts, with fee similar to trading Thai securities, all day without intermission session.