Thailand expects more investment from China

[webfact]

Thailand expects more investment from China

BANGKOK, 1 July 2016 (NNT) - Deputy Prime Minister Somkid Jatusripitak has expressed satisfaction with his Chinese visit following large Chinese companies’ plan to expand their investment in Thailand.

Mr. Somkid on Thursday said his trip to China was a success due to positive responses from large companies such as Yangzhou Jingcheng Electronics, a manufacturer of electronic valves for industries. The company has the third largest market share in the world and the largest market share in China. The deputy premier said the company expressed their interest to invest in Thailand and other Chinese companies told him that they would expand their investment in Thailand.

SAIC Motor, China’s leading auto manufacturer jointly invests in MG cars manufactured in Thailand, told Mr. Somkid that the company would invest more in Thailand in pickup truck manufacturing with a target of 100,000 units per year.

The deputy PM therefore expressed his confidence that this year’s requests for investment support would total around 400 - 500 billion baht.

-- NNT 2016-07-01

[Thailand]

Understandable as China would have no qualms adding Thailand as another province.

[gandalf12]

Understandable as China would have no qualms adding Thailand as another province.

I thought it already was

[elgordo38]

China is going through a so called transitional stage to a consumer driven society where millions of workers in the old industries such as steel could become redundant. These workers are going to be looking for new jobs. I can hardly see under the circumstances why Chinese companies would invest here while leaving their own kind unemployed. Makes no sense. As this speech is in government speak it should be taken with an aspirin and get lots of rest.

[Redline]

China will only invest here in the form of loans Production and power costs are lower in other countries. There is a dilemma here because Thailand wants to act like a developed country, but does not have the will to improve it's education system, or bring in people from other countries in order to move to the up next level. Without reforms, the country will pause in it's progression, and then slide every so surely backwards, as the rest of the world moves on....

[Scotwight]

China will only invest here in the form of loans Production and power costs are lower in other countries. There is a dilemma here because Thailand wants to act like a developed country, but does not have the will to improve it's education system, or bring in people from other countries in order to move to the up next level. Without reforms, the country will pause in it's progression, and then slide every so surely backwards, as the rest of the world moves on....

Completely wrong and totally misinformed post.

"Thailand is usually the first stop for Chinese tourists and investors," said Xu Gen Luo, who runs the Thai-Chinese Rayong Industrial Zone, about 200 km (120 miles) south east of Bangkok. Dozens of new Chinese-owned solar, rubber and industrial manufacturing plants have opened in the zone since 2012.

Investment pledges from China jumped fivefold in the first quarter from a year earlier to 5.7 billion baht ($163 million), from just 1.1 billion baht, giving China the third largest investment slate during the period as Chinese firms raced to meet a tax break deadline and U.S. investors held back.

Last year China was the fourth biggest foreign investor in Thailand, behind Japan, the United States and Singapore.

http://www.reuters.com/article/us-thailand-china-investment-idUSKCN0Y72D5

[Redline]

China will only invest here in the form of loans Production and power costs are lower in other countries. There is a dilemma here because Thailand wants to act like a developed country, but does not have the will to improve it's education system, or bring in people from other countries in order to move to the up next level. Without reforms, the country will pause in it's progression, and then slide every so surely backwards, as the rest of the world moves on....

Completely wrong and totally misinformed post.

"Thailand is usually the first stop for Chinese tourists and investors," said Xu Gen Luo, who runs the Thai-Chinese Rayong Industrial Zone, about 200 km (120 miles) south east of Bangkok. Dozens of new Chinese-owned solar, rubber and industrial manufacturing plants have opened in the zone since 2012.

Investment pledges from China jumped fivefold in the first quarter from a year earlier to 5.7 billion baht ($163 million), from just 1.1 billion baht, giving China the third largest investment slate during the period as Chinese firms raced to meet a tax break deadline and U.S. investors held back.

Last year China was the fourth biggest foreign investor in Thailand, behind Japan, the United States and Singapore.

http://www.reuters.com/article/us-thailand-china-investment-idUSKCN0Y72D5

So, you are looking at percentages. $163 million is nothing. More people are leaving than coming. Do a bit more research...