China becomes a main source of investment for Thailand: BOI report
Participants attend the groundbreaking ceremony of a new energy industrial park of SAIC Motor-CP, a joint venture between SAIC Motor and Charoen Pokphand Group, in Chon Buri, Thailand, April 30, 2023. (Xinhua/Wang Teng)
China has become a main source of investment for Thailand in the first half of 2023, reported Chinanews.com Saturday, citing a report recently released by the Thailand Board of Investment(BOI).
The report mentioned that in the first half of 2023, Thailand attracted 507 new foreign investment projects, of which 132 projects came from China with a total investment of 61.53 billion Thai Baht (about RMB 12.6 billion yuan), accounting for 20 percent of the total foreign investment.
The investment mainly covers areas including tire and rubber products production, vehicle and components manufacturing, steel manufacturing, real estate, power supply and distribution.
Thanks to the growing investment from China, Thailand's economy is showing strong growth momentum, according to the report.
Over the past 6 years, investors from China have submitted more than 900 project investment applications, with a total investment value of over 526 billion Thai Baht (about RMB 100 billion yuan). (Edited by Liu Jiachen and Gao Jingyan, firstname.lastname@example.org)