Chinese firms have significantly increased their investment in Thailand this year, despite China’s economic slowdown, providing a much-needed boost for the Thai Prime Minister, Srettha Thavisin.
The increase in investment comes as a welcome relief amid concerns about the impacts of the world’s second-largest economy’s sluggish recovery on global growth. However, Thailand continues to appeal as a crucial investment hub even for China’s ambitious companies.
In the first eight months of the year, Thailand received foreign investment applications worth 365.2 billion baht (US$10.1 billion), a 73% increase compared to the same period in the previous year.
Chinese companies led this surge, pledging 90.3 billion baht, nearly three times the previous year’s figure, according to the Thailand Board of Investment (BOI).
Even the…
