Thailand attracts huge Chinese investment

The Nation

 

Industry Minister Atchaka Sribunruang, right, welcomes the representative of a delegation from Jiangsu.

 

BANGKOK: -- Thailand has attracted huge investment from China, with the value of investment projects submitted for tax privileges in the first seven months hitting Bt21.46 billion.

 

Industry Minister Atchaka Sribunruang said that in terms of value, China was the second only to Japan which applied for Board of Investment’s privileges for projects worth Bt27 billion.

"Chinese enterprises are attracted to the policy to promote 10 target industries and the Eastern Economic Corridor," she said after welcoming a business delegation from Jiangsu, a coastal Chinese province north of Shanghai.

She was briefed that 87 Jiangsu enterprises have established presence in Thailand, including 37 enterprises which have applied for the BoI privileges for their investment projects valued around US$600 million (approximately Bt20 billion). A delegate is also prepared to submit a project worth about $30 million (about Bt1 billion). 

Watcharee Tintani, director of Investment Promotion Section, Royal Thai Consulate-General in Shanghai, said the section targets to draw at least $25 billion investment from Shanghai to Thailand this year. She is confident of achieving the goal given companies in locomotive and train carriage manufacturing exploring investment opportunities in Thailand. 

In 2017, the section targets the investment from at least 80 companies operating in the 10 target industries being promoted by Thailand.

 

Source: http://www.nationmultimedia.com/business/Thailand-attracts-huge-Chinese-investment-30294279.html

 

-- © Copyright The Nation 2016-09-01

Hope those Chinese investment projects don't include any Chinese architects...

"Come into my garden, said the spider to the fly."

 

There will be a cost. There always is with China.

 

Winnie

Love the math .... $630mm for the first 7 months, so on target to acheive $25 billion this year. One hell of a hockey stick graph!

Sent from my SM-G935T using Tapatalk

Anything done, businesslike or otherwise, with China, tends to become one way traffic.

 

Investment or purchase?

sounds like a contradiction to last month. http://www.bangkokpost.com/news/politics/1050453/foreign-direct-investment-collapses

 

Edited September 2, 201610 yr by williamgeorgeallen

4 minutes ago, williamgeorgeallen said:

sounds like a contradiction to last month. http://www.bangkokpost.com/news/politics/1050453/foreign-direct-investment-collapses

 

 

Or a response?

1 minute ago, mesterm said:

 

Or a response?

possibly. or just trying to confuse us all.

Chinese travel agents and tour guides seem to be experiencing a few difficulties.......

17 hours ago, Winniedapu said:

"Come into my garden, said the spider to the fly."

 

There will be a cost. There always is with China.

 

Winnie

 

Chinese don't invest. They buy and manipulate  

11 minutes ago, ScotBkk said:

 

Chinese don't invest. They buy and manipulate  

True, however consider the benefits western multinationals provide client countries: elimination of local industry competition, pay no taxes and provide a few low skill jobs. Governments in the past have been overthrown as western multinationals didn't like the treatment they were getting.

 

Chinese industry has made China a pollution nightmare, hope they aren't here just to escape tightening regulations back home.

2 hours ago, maoro2013 said:

Investment or purchase?

it is probably closer to the first steps of a takeover

Catch phrase of the month seems to be "huge"........

 

Huge capital inflows expected as election looms

True, however consider the benefits western multinationals provide client countries: elimination of local industry competition, pay no taxes and provide a few low skill jobs. Governments in the past have been overthrown as western multinationals didn't like the treatment they were getting.

 

Chinese industry has made China a pollution nightmare, hope they aren't here just to escape tightening regulations back home.

Actually a lot of them are trying to get around anti dumping issues

As many of the Chinese manufactures facing quotas and anti dumping tax if manufacture in China but if I'm Thailand or Vietnam or other place they are investing .. Then they can avoid such

This is of course not the only reason or the complete reason, but a major factor

Say what you like about the Chinese, but they are savvy business persons

Throughout history, look to where every the Chinese immigrate or settle down and they grow and take over economies over generations

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based on the opinions of the resident Thaivisa-eggsburts anything that might be positive for Thailand is either a lie, a gross exaggeration, a danger or not in favour of expats living in Thailand

4 hours ago, maoro2013 said:

Investment or purchase?

 

Purchase, as they expect ownership just like in Laos.

Not a bad price for buying a country