Chinese investment to continue into 2024 due to Thai incentives

The analysts anticipate that with the increasingly close relationship between China and Thailand, and the period of continuing growth in China-ASEAN trade and investment, investments in Thailand by Chinese companies would continue to rise.

Lei Xiaohua, an ASEAN expert from the Guangxi Institute of Social Sciences in southern China’s Guangxi Zhuang Autonomous Region, said that the Thai government’s goal of prioritising economic development ranks is viewed in China as one of the kingdom’s most crucial tools to attract investment.

Moreover, Chinese investors appreciate Thailand’s relatively complete supply chain and low labour costs, along with the benefits and conveniences from the Regional Comprehensive Economic Partnership (RCEP) implemented on March 1, 2022.

Huang Bin, head of the China division at Kasikorn Research Centre, noted that nearly all Chinese EV brands had…