Govt lures major Chinese investment to new EEC
Deputy Prime Minister Somkid Jatusripitak said on May 8 that the government plans to connect its new Eastern Economic Corridor development project with the Chinese government’s One Belt, One Road initiative. “The connection will be through a high-speed railway and other linkage infrastructure, “ Somkid told hundreds of investors from Hong Kong and Shanghai interested in doing business and investing with Thai partners. Addressing the forum “Thailand-Hong Kong-Shanghai Strategic Partnership on One Belt, One Road” in Bangkok on May 8, Somkid said he was upbeat about future economic cooperation between Thailand, Hong Kong and mainland China. He said that foreign direct investment in the EEC from Hong Kong and China reached US$14 billion and $16 billion (Bt485.2 billion and Bt554.2 billion) respectively by the end of last year. Many of the investments were in small and medium-sized enterprises.
