Prime Minister encourages China to invest in EEC

[webfact]

Prime Minister encourages China to invest in EEC

By The Nation

 

China Investment Corporation (CIC) president Peng Chun, left, meets with Prime Minister Prayut Chan-o-cha at the government house Thursday

  

Prime Minister Prayut Chan-o-cha urged China on Thursday to pour more investment into his pet project, the Eastern Economic Corridor (EEC), in order to ensure seamless regional connectivity.

 

The premier discussed the matter with China Investment Corporation (CIC) president Peng Chun, who met him at Government House for talks on cooperation and investment in Thailand.

 

Prayut said it had been a good opportunity to discuss and explore ways to cooperate further on investment, and that Peng had further insisted that Thailand had the potential to be the heart of his country’s regional investment.

 

“This visit will help CIC to research and find new ways to invest in accordance with its objectives,” Peng said.

 

Prayut said his government would support the Chinese-Thai relationship and strategic partnership, particularly in relation to the economy and connectivity. That was because Thailand’s 4.0 policy was in accordance with China’s Belt and Road Initiative (BRI) project.

 

The CIC executive emphasised the two countries’ close bond and hoped to strengthen it further.

 

Peng said that Thailand’s 4.0 model and Eastern Economic Corridor (EEC) project were key factors in its economic development - he was also interested in exploring new ways to invest in basic construction, energy and transportation in the Kingdom.

 

Prayut encouraged his Chinese visitor to participate in the EEC project, especially in Eastern Economic Corridor Innovation (EECi) and Digital Park Thailand (EECd).

 

“We could share and exchange our ideas and experiences,” he said.

 

The PM also stressed the significance of seamless connectivity in Asean, which could play an important role in the region’s sustainable development and increase the potential of competition in the region.

 

He hoped CIC would consider investing in the development of regional connectivity in order to link sub-regions and regions in the future.

 

Source: http://www.nationthailand.com/news/30372326

 

-- © Copyright The Nation Thailand  2019-07-05

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[PatOngo]

12 minutes ago, webfact said:

“We could share and exchange our ideas and experiences,” he said.

A coup would never work in China!

[hotchilli]

7 hours ago, webfact said:

Prime Minister Prayut Chan-o-cha urged China on Thursday to pour more investment into his pet project, the Eastern Economic Corridor (EEC), in order to ensure seamless regional connectivity.

Yes that's his idea, China pour money into his pet project, as he doesn't want to invest Thai money!

When China own and run all your companies and control your trade/economy you might find yourself a puppet too !

[yellowboat]

7 hours ago, webfact said:

“We could share and exchange our ideas and experiences,” he said.

Having spent a number of years in both countries,  Thailand has little the Chinese would deem interesting technology wise.  The will buy fruit of course and some produce, not much else.   The Chinese will eye Thailand as a future market for their electric vehicles and that is about it.   If the Chinese do invest, it will be to displace the Japanese as masters of the car market.  Or they will move dirty work they no longer want done in China.   

[Isaan sailor]

So keep raising the Baht to diminish exports, tourism and expats.  And bring in Chinese investment.  Yeah, that should work.....

[Srikcir]

11 hours ago, webfact said:

“We could share and exchange our ideas and experiences,”

That sounds a lot like China's one nation - two systems approach.

[Redline]

Beggars can’t be choosers 

[Srikcir]

23 hours ago, webfact said:

“We could share and exchange our ideas and experiences,” he said.

But it will cost you more than Thailand!

Among the ASEAN+6 nations, while China is one of the two nations (other is Japan) with the largest Foreign Direct Investment (FDI) flows, China inflows and outflows have been roughly balanced in recent years (albeit FDI flowing through Hong Kong or Macao isn't included). With the current U.S. global trade wars including China still unresolved, I don't expect China is going to reverse its FDI balance for the sake of Thailand any time soon.

Japan on the other hand has been primarily a net exporter of FDI. Yet, Japan has been the largest foreign investor in the EEC. Of course Prayut can't be seen being too openly solicitous with Japan for investments with China looking over Prayut's economic shoulder.

Historically, Thailand has been clever soliciting foreign investments while being very stingy about making FDI outflows. Thailand has been a net importer of FDI.

 

[Cadbury]

On 7/5/2019 at 8:31 AM, webfact said:

Peng had further insisted that Thailand had the potential to be the heart of his country’s regional investment.

Peng knows bullsh!t and flattering goes a long way with this man. A picture can tell many stories:

 

1. I've got him on the hook, only a matter of time before I reel him in.

2. Get a look at him and his sickening smugness.

3. Is this his cardboard cutout or is it really him?

4. What's going on? He hasn't said a word; his translator is reading from a pre prepared speech written by someone else.

5. He's desperate! This is going to be easier than I thought to sell him a high interest CIC loan. 

 

[Oziex1]

 

Come and invest in Thailand we have the EEC, and um Oh arrh? 

Did I mention the EEC

[FritsSikkink]

17 hours ago, yellowboat said:

Having spent a number of years in both countries,  Thailand has little the Chinese would deem interesting technology wise.  The will buy fruit of course and some produce, not much else.   The Chinese will eye Thailand as a future market for their electric vehicles and that is about it.   If the Chinese do invest, it will be to displace the Japanese as masters of the car market.  Or they will move dirty work they no longer want done in China.   

Not true, Alibaba (Chinese cloud company) is building a huge datacenter in Thailand.

[FritsSikkink]

28 minutes ago, Oziex1 said:

 

Come and invest in Thailand we have the EEC, and um Oh arrh? 

Did I mention the EEC

Another one who knows nothing about the subject.

[Oziex1]

1 minute ago, FritsSikkink said:

Another one who knows nothing about the subject.

What do you know? Please share.

Is something happening that involves the EEC that is to the benefit of Thailand other than a few elites.

[Reigntax]

This from the junta boy who couldn't appoint decent people to oversee and election and has taken more than 3 month since and still no government.

 

Great inspiration for investors having to deal with this government

[FritsSikkink]

33 minutes ago, Oziex1 said:

What do you know? Please share.

Is something happening that involves the EEC that is to the benefit of Thailand other than a few elites.

Read a bit more, use google, I am not your teacher.

[yellowboat]

25 minutes ago, FritsSikkink said:

Not true, Alibaba (Chinese cloud company) is building a huge datacenter in Thailand.

Yes, you are right.  Thailand is so awesome that it has a Alibaba data center. 

 

"Alibaba Cloud currently has a more extensive network in the Asia-Pacific region than AWS, with 15 data centers outside mainland China, covering Hong Kong, Singapore, Australia, Malaysia, Indonesia, India, and Japan markets. It is also the only cloud provider that has set up local data centers in Indonesia and Malaysia."

 

https://asia.nikkei.com/Business/Companies/Amazon-prepares-to-battle-with-Alibaba-in-Asia-s-cloud

 

As you can see, your beloved Thailand is not on the top of their list, being beaten out by countries further south.   Alibaba along with Tencent control most of China's commerce, so they move with the traveling, Chinese public.  They wish to make those payment gateways available everywhere. 

 

What is the best Thai owned data center ?  Are they in China or other countries ?  If not, why? 

[Eric Loh]

45 minutes ago, FritsSikkink said:

Not true, Alibaba (Chinese cloud company) is building a huge datacenter in Thailand.

Not too sure whether Alibaba will follow through on their investment plant. They have asked the newspaper that reported that to withdrew the news on the next day it was published. 

“Updated on May 29 to include responses from Alibaba and the Bangkok Post, and on May 31 to add that the Bangkok Post removed its story”.

 

 

[neeray]

On ‎7‎/‎4‎/‎2019 at 9:31 PM, webfact said:

Prayut said his government would support the Chinese-Thai relationship and strategic partnership, particularly in relation to the economy and connectivity. That was because Thailand’s 4.0 policy was in accordance with China’s Belt and Road Initiative (BRI) project

Perhaps Mr Prayut is not aware of "modern Chinese operating style".

 

" you play ball with us and we'll stick the bat up your *** "

[holy cow cm]

Just this alone is one reason is why he should not be PM and taken out.

Edited July 6, 2019 by holy cow cm

[yellowboat]

1 hour ago, FritsSikkink said:

Read a bit more, use google, I am not your teacher.

We all looked at google, but you failed to do so.   Why do you keep sticking up for a military regime?  You speak 20 languages.  Learn to argue in at least one of them.  You are not a teacher, as you have yet to come up with any solid arguments. 

[DrTuner]

Have they disclosed the price China will buy Thailand for yet? Might get a good discount the way things are going.

[DrTuner]

2 hours ago, FritsSikkink said:

Not true, Alibaba (Chinese cloud company) is building a huge datacenter in Thailand.

No doubt a BOI company 100% owned by Chinese. Thais might get the salaries for the cleaning ladies - maybe.

[Mavideol]

20 hours ago, hotchilli said:

Yes that's his idea, China pour money into his pet project, as he doesn't want to invest Thai money!

When China own and run all your companies and control your trade/economy you might find yourself a puppet too !

he's already their puppet, just look at his smirk (arse)face

[Oziex1]

1 hour ago, FritsSikkink said:

Read a bit more, use google, I am not your teacher.

Hah, Frits the suggestion of enlightenment would have me no longer participating in Thai Visa.com.