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Xinhua Silk Road
International Relation

China,Thailand strengthens ties under EEC construction

August 06, 2019


Abstract : The second Bangkok-Shanghai Economic Conference was kicked off recently in Shanghai, delegates from the Thailand and China have exchanged their views and insights over economic cooperation under Thailand's Eastern Economic Corridor (EEC) and the Belt and Road Initiative (BRI).

BEIJING, Aug. 6 (Xinhua) -- The second Bangkok-Shanghai Economic Conference was kicked off recently in Shanghai, delegates from the Thailand and China have exchanged their views and insights over economic cooperation under Thailand's Eastern Economic Corridor (EEC) and the Belt and Road Initiative (BRI), reported yicai.com recently.

As an advanced economic mechanism, EEC provides a platform for upgrading the Thai economy in the future, and Thailand will put efforts in linking EEC with BRI, to promote regional development in Thailand, said Sasirit Tankulrat, consul general of Thailand in Shanghai.

Meanwhile, EEC is an exclusive economic zone located in three provinces including Chachoengsao, Chonburi, and Rayong, which is under a scheme of Thailand 4.0 strategy aiming to lead a significant development and transformation of Thailand’s infrastructure, according to the official site of EEC.

Initiated by the prime minister of Thailand in 2016, Thailand 4.0 refers to an economic development strategy aiming to upgrade Thailand's economy to a level with higher added value in the next 20 years since 2016.

As for bilateral investment between China and Thailand, in 2018, Chinese investment in Thailand has reached 12.5 billion yuan, making China the third-largest investment source country to Thailand, Thai official data showed.

Meanwhile, Shanghai is becoming a hot spot for Thai investment, attracting a total of 5.6 million U.S. dollars of Thai investment from January to June 2019, official data showed. (Edited by Jiang Feifan)

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Keyword: Thailand economic-corridor economic and trade cooperation

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Thai Deputy PM Somkid says JCC still believes in a pickup in the Thai economy in H2 and stresses the new coalition government would not change course

BOI announces 758 investment promotion project applications valued at 230 billion Thai baht in H1 2019

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