Chinese investments in Thailand reach 21 billion baht in the past 7 months

In the first seven months of 2016, Chinese investments in Thailand have been marked by steady growth. According to officials, the value of projects submitted for tax privileges in the past months has reached up to 21 billion baht, making China the second country to invest in Thailand, after Japan, which applied for Board of Investment privileges for projects worth Bt27 billion during the same period.

“Chinese enterprises are attracted to the policy to promote 10 target industries and the Eastern Economic Corridor,” said Industry Minister Atchaka Sibunruang on Thursday, after a meeting with Cong Sufeng, vice chairman of the China Council for the Promotion of International Trade in Jiangsu, a northern province in China.

In the past years, almost 90 investors from Jiangsu have established offices in Thailand, with 37 of them having applied for privileges for projects valued around 600 million US dollars. Top industries targeted by investors are those referring to automotive and auto parts, petrochemicals, smart electronics, agriculture and biotechnology, tourism, medical, digital, robotics, aviation, and textiles.

Thai officials’ efforts won’t focus only in Jiangsu, but in other Chinese provinces too. Watcharee Tintani, an official with the Royal Thai Consulate-General in Shanghai, said they aimed to attract at least 25 billion baht worth of investment from Shanghai to Thailand this year. The target isn’t impossible to achieve, said Ms. Tintani, as Chinese companies in locomotive and train-carriage manufacturing were exploring investment opportunities in Thailand.

Also to help promote investment from China, the Siam Commercial Bank announced a 5 billion baht bridge-loan scheme for Chinese companies’ land purchases in Thailand.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online ("resilier.com"); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "gust.com", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

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