Prayut asks Chinese bank boss for investment

[snoop1130]

Prayut asks Chinese bank boss for investment 

By The Nation

 

AIIB president Jin Liqun, left, meets Prime Minister Prayut Chan-o-cha at Government House on Thursday

 

Prime Minister Prayut Chan-o-cha on Thursday urged China’s Asian Infrastructure Investment Bank (AIIB) to back development in the Mekong region through the Thai-sponsored Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS).

 

Prayut met Jin Liqun, the president of AIIB, who visited Bangkok for a business forum.

 

The former general said there were many countries that needed funding to run their projects and developing their infrastructure. 

 

Thailand supported AIIB to be a partner in infrastructural development with Asean and to build cooperation under ACMECS, joining the ACMECS Fund in order to contribute to development in the region, he said. 

 

The AIIB president said the bank was ready to invest in infrastructure. 

 

Prayut added that Thailand’s priority was to enhance seamless connectivity throughout Asean. Connectivity has two sides, hard and soft, he said. Hard connectivity means infrastructure and soft includes law, regulations and business link, he said. 

 

Jin said Thailand had many development opportunities, especially infrastructural development.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30371480

 

-- © Copyright The Nation 2019-06-20

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[DrTuner]

Somehow this reminds me of the Sacha Baron Cohen movie where he had photos of people shaking hands with him on the wall. Started with a D I think.

[holy cow cm]

Well that doesn’t sound good for the poor Mekong river and region for people’s livelihood. 

[harada]

But you will have to pay it back General, mai pen rai Comrade future generations can sort that out.

[fusion58]

The Generalissimo shaking his little tin cup again.

Where would Thailand be without foreign investment?

If only he could connect the dots when immigration laws come into play.

[Traubert]

and soft includes law, regulations and business link, he said. 

 

There go the NGO's. Western interference swept away like a leaf in a storm. Goes hand in glove with the Embassy's weakening support.

 

 

 

 

 

 

[Traubert]

and soft includes law, regulations and business link, he said. 

 

There go the NGO's. Western interference swept away like a leaf in a storm. Goes hand in glove with the Embassy's weakening support.

 

 

 

 

 

 

[Justgrazing]

6 hours ago, snoop1130 said:

Prayut asks Chinese bank boss for investment

Sino Thai bondage continues unimpeded ..

[Fex Bluse]

These stories are so vague and light on details as to be almost pointless.

I get more information from looking at Thais posting pics of their breakfast on Facebook

[Lenny Jones]

10 hours ago, harada said:

But you will have to pay it back General, mai pen rai Comrade future generations can sort that out.

Yep - "let's keep the baht strong"
Exports go down

Imports go up

The national piggy bank empties.

The Solution? - let's borrow money from a neighbour

This is not going to end well.  I have watched this with many national economies who try for the "short-term gain = "long-term pain".  So much so there are a few countries only paying interest-only terms and not killing the principal

[mikebell]

The Chinese guy should have stood a step higher in the photo; as it is, it looks like they are on an equal footing.

[dinsdale]

[mania]

Chinese Bank boss replied....Are you out of your mind??

[Tropposurfer]

Not the ADB?

I said a while back, the world is no longer the free zone it was for Western money.

China will, is shifting the balance of world economic power away from the US.

In a decade the whole world will see a complete shift in this balance.

War, economic and political subterfuge in controlling other governments as part of manoeuvring of world chess control, and hegemony by the US will not be an effective option as it has in the past.

The exponential growth of China’s military might will overtake the US in very short order. As for economics seeing as the yuan is not tied to world currency values and can be manipulated at will by China all but excludes them from hitherto sanctioning, and other trade shackles used to date. The massive internal economic engine that is China needs little from the west, and as it develops will leave coal and other energy forms behind.

Their inventiveness, and creativeness regarding ‘old ways of business’ is smashing previous barriers or perhaps simply ignoring western ones and methods completely.

curious to hear what any learned TV economists and political savee thinkers have to add to my thoughts.

[yellowboat]

Considering Burma, Cambodia and Thailand think alike and are happy to be pawns makes sense.  Malaysia is on the fence and Vietnam is not excited by China.  Looks as though Thailand wins by default. 

[Pedrogaz]

I read in the Economist once that 30-50% of funds for infrastructure projects in Thailand simply disappeared as graft. Many of the recipients were government ministers and permanent secretaries of the departments commissioning the projects. 

We have a lot of infrastructure projects ongoing....how about finishing them before committing to more?

[holy cow cm]

16 hours ago, harada said:

But you will have to pay it back General, mai pen rai Comrade future generations can sort that out.

When the Chinese own you, they own you and cannot pay back. 

[connda]

17 hours ago, snoop1130 said:

Prime Minister Prayut Chan-o-cha on Thursday urged China’s Asian Infrastructure Investment Bank (AIIB) to back development in the Mekong region through the Thai-sponsored Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS).

Big Daddy Trump ain't gonna abide by that.  

[Traubert]

3 hours ago, Tropposurfer said:

Not the ADB?

I said a while back, the world is no longer the free zone it was for Western money.

China will, is shifting the balance of world economic power away from the US.

In a decade the whole world will see a complete shift in this balance.

War, economic and political subterfuge in controlling other governments as part of manoeuvring of world chess control, and hegemony by the US will not be an effective option as it has in the past.

The exponential growth of China’s military might will overtake the US in very short order. As for economics seeing as the yuan is not tied to world currency values and can be manipulated at will by China all but excludes them from hitherto sanctioning, and other trade shackles used to date. The massive internal economic engine that is China needs little from the west, and as it develops will leave coal and other energy forms behind.

Their inventiveness, and creativeness regarding ‘old ways of business’ is smashing previous barriers or perhaps simply ignoring western ones and methods completely.

curious to hear what any learned TV economists and political savee thinkers have to add to my thoughts.

Well firstly, AIIB is not a Chinese owned bank. It has 70 member countries and 27 more in the queue to join. Of course America is not a member as it refuses to accept anything where it might have to contribute to a consensus on another country's terms, particularly those 'daarrrnn Kammies.'

 

The mistake the west makes is that their learned (and usually embarrassingly wrong) economists always try and apply western methods and theory to the Chinese economy and when things dont add up, they have to wail that the Chinese are fudging the figures. Furthermore they dont appreciate that the Chinese couldn't give a flying fart what they think and sail serenely on. They feel no need to justify themselves to anyone. 

 

According to the Western experts, the Chinese economy has been on the brink of collapse for thirty consecutive years now and the stated rate of growth in China (6.6%) is a dire warning because it's down from above 10% over the last six years. These are numbers that make Western governments salivate so they have to switch to instant denial.

 

The yuan is in fact pegged to the US dollar at around CNY6.86 but PBC has a 0.02 discretionary adjustment allowance to compensate for currency fluctuations. It doesn't use it often as there is usually no need.

 

More reading here if you are so inclined Mr T:

 

https://www.aiib.org/en/index.html

[Orton Rd]

The Chinese are too busy buying up Africa, why would they want to invest any more in Thailand?

[chama]

When you jump into bed with the devil there is always a price to be paid but this time the price may be far greater for not only Thailand but the entire region.

[IAMHERE]

On 6/20/2019 at 7:29 AM, snoop1130 said:

Connectivity has two sides, hard and soft, he said.

I'm guessing guns are on the hard side, corruption and bribes on the soft. ????

[Alan Michael]

New name:

CHILAND