webfact Posted September 1, 2016 Share Posted September 1, 2016 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 Link to comment Share on other sites More sharing options...
denkiblue555 Posted September 1, 2016 Share Posted September 1, 2016 Hope those Chinese investment projects don't include any Chinese architects... Link to comment Share on other sites More sharing options...
Winniedapu Posted September 1, 2016 Share Posted September 1, 2016 "Come into my garden, said the spider to the fly." There will be a cost. There always is with China. Winnie Link to comment Share on other sites More sharing options...
rchapstick Posted September 2, 2016 Share Posted September 2, 2016 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 Link to comment Share on other sites More sharing options...
hansnl Posted September 2, 2016 Share Posted September 2, 2016 Anything done, businesslike or otherwise, with China, tends to become one way traffic. Link to comment Share on other sites More sharing options...
maoro2013 Posted September 2, 2016 Share Posted September 2, 2016 Investment or purchase? Link to comment Share on other sites More sharing options...
williamgeorgeallen Posted September 2, 2016 Share Posted September 2, 2016 (edited) sounds like a contradiction to last month. http://www.bangkokpost.com/news/politics/1050453/foreign-direct-investment-collapses Edited September 2, 2016 by williamgeorgeallen Link to comment Share on other sites More sharing options...
mesterm Posted September 2, 2016 Share Posted September 2, 2016 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? Link to comment Share on other sites More sharing options...
williamgeorgeallen Posted September 2, 2016 Share Posted September 2, 2016 1 minute ago, mesterm said: Or a response? possibly. or just trying to confuse us all. Link to comment Share on other sites More sharing options...
PatOngo Posted September 2, 2016 Share Posted September 2, 2016 Chinese travel agents and tour guides seem to be experiencing a few difficulties....... Link to comment Share on other sites More sharing options...
ScotBkk Posted September 2, 2016 Share Posted September 2, 2016 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 Link to comment Share on other sites More sharing options...
Rancid Posted September 2, 2016 Share Posted September 2, 2016 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. Link to comment Share on other sites More sharing options...
Autonuaq Posted September 2, 2016 Share Posted September 2, 2016 2 hours ago, maoro2013 said: Investment or purchase? it is probably closer to the first steps of a takeover Link to comment Share on other sites More sharing options...
Sphere Posted September 2, 2016 Share Posted September 2, 2016 Catch phrase of the month seems to be "huge"........ Huge capital inflows expected as election looms Link to comment Share on other sites More sharing options...
CWMcMurray Posted September 2, 2016 Share Posted September 2, 2016 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 issuesAs 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 factorSay what you like about the Chinese, but they are savvy business personsThroughout history, look to where every the Chinese immigrate or settle down and they grow and take over economies over generations Sent from my iPhone using Thaivisa Connect Link to comment Share on other sites More sharing options...
Naam Posted September 2, 2016 Share Posted September 2, 2016 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 Link to comment Share on other sites More sharing options...
Hawk Posted September 2, 2016 Share Posted September 2, 2016 4 hours ago, maoro2013 said: Investment or purchase? Purchase, as they expect ownership just like in Laos. Link to comment Share on other sites More sharing options...
gandalf12 Posted September 2, 2016 Share Posted September 2, 2016 Not a bad price for buying a country Link to comment Share on other sites More sharing options...
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