Chinese investment in Thailand gains speed amidst economic slowdown

[snoop1130]

 

Chinese firms have significantly increased their investment in Thailand this year, despite China’s economic slowdown, providing a much-needed boost for the Thai Prime Minister, Srettha Thavisin.

 

The increase in investment comes as a welcome relief amid concerns about the impacts of the world’s second-largest economy’s sluggish recovery on global growth. However, Thailand continues to appeal as a crucial investment hub even for China’s ambitious companies.

 

In the first eight months of the year, Thailand received foreign investment applications worth 365.2 billion baht (US$10.1 billion), a 73% increase compared to the same period in the previous year.

 

Chinese companies led this surge, pledging 90.3 billion baht, nearly three times the previous year’s figure, according to the Thailand Board of Investment (BOI).

 

Even the second-largest investor, Singapore, with a total investment pledge of 76.4 billion baht, comprises primarily companies originally from China, according to BOI secretary-general Narit Therdsteerasukdi. He also anticipates that Chinese investments in Thailand will continue to rise significantly in the coming years.

 

By Alex Morgan

Caption: Photo by Chanat Katanyu courtesy of Bangkok Post

 

Full story: The Thaiger 2023-10-17

 

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[hotchilli]

13 hours ago, snoop1130 said:

Chinese firms have significantly increased their investment in Thailand this year, despite China’s economic slowdown, providing a much-needed boost for the Thai Prime Minister, Srettha Thavisin.

Trying to get of China before the big collapse.

[SingAPorn]

They are craftly buying up the whole world in order to get access into your home, your TV, your Alexia, your phones, your newspapers, right into your stomach on what you est....why ?

[freeworld]

47 minutes ago, hotchilli said:

Trying to get of China before the big collapse.

On what do you base your wise comment?

[freeworld]

19 minutes ago, SingAPorn said:

They are craftly buying up the whole world in order to get access into your home, your TV, your Alexia, your phones, your newspapers, right into your stomach on what you est....why ?

Believe the propaganda. What is alexia?

[hotchilli]

1 hour ago, freeworld said:

On what do you base your wise comment?

Well informed Youtube analysts who follows Chinese market closely.

China is in negative inflation, production cost are rising, manufacturers are going broke.

Mass factory cities who were once busting with export orders are now deserted.

Whole towns virtually devoid of workers, and with that goes the local supply chain, shops, markets,  shopping malls and food outlets.

Maybe you should keep up to date a bit.

[gearbox]

1 hour ago, hotchilli said:

Well informed Youtube analysts who follows Chinese market closely.

China is in negative inflation, production cost are rising, manufacturers are going broke.

Mass factory cities who were once busting with export orders are now deserted.

Whole towns virtually devoid of workers, and with that goes the local supply chain, shops, markets,  shopping malls and food outlets.

Maybe you should keep up to date a bit.

https://www.cnbctv18.com/world/chinas-growth-beats-forecasts-as-consumer-spending-improves-18083021.htm

 

Many of the big banks like Citibank upgraded their China forecasts for this and next year.

[hotchilli]

3 hours ago, gearbox said:

https://www.cnbctv18.com/world/chinas-growth-beats-forecasts-as-consumer-spending-improves-18083021.htm

 

Many of the big banks like Citibank upgraded their China forecasts for this and next year.

https://www.youtube.com/watch?v=5rHA5d42NeE

 

[zzaa09]

11 hours ago, freeworld said:

On what do you base your wise comment?

Not wise at all.....more based on historic indoctrination and conditioning - repeated long, loud and often enough. 

Intelligence and knowledge aren't required. 

[gearbox]

7 hours ago, hotchilli said:

https://www.youtube.com/watch?v=5rHA5d42NeE

 

I watched 10 minutes...this fella has no idea what he is talking about. The investment banks have much more resources and access to data to make a call.