The chief of the Information and Technology Research Department of China Outsourcing Unit said that the outbound direct investment in China has increased 10 fold. And most of them were concentrated on the Belt and Road countries, which includes Thailand, and Laem Chabang port (an important component in the government’s plan to develop the Eastern Economic Corridor).
As in 2015, the Ministry of Commerce, China approved the Rayong Industrial Zone establishment in the Eastern Seaboard in Thailand, today approximately 100 companies are working there with the total investments worth more than US$8 billion. Well, this being China’s sole economic and trade cooperation zone outside China, it is expected to provide a crucial platform for the Chinese companies going abroad as they can develop their businesses for building international brands, pursuing innovation and development in an international ambience.
Thailand, the gateway to ASEAN, is therefore, seen as a highly attractive place to Chinese investors. Professor Zheng, in this context, cites some major benefits in the country’s favor, including developed infrastructure, quality services, Chinese culture and heritage, attractive investment incentives, ideal geographic location, and a good bilateral relationship with China. Besides, Thailand has the 3rd largest territory, and the 2nd largest economy.
Certainly, Bangkok Bank, China, is foreseeing increased interest in investing in Thailand from a wide range of Chinese investors. In fact, the Chinese investment is to spur from other countries as well that will take a proper plan to build Thailand as a regional logistics hub.
