Chinese Ambassador Han Zhiqiang has solidified Beijing’s position in supporting Thailand’s efforts to eliminate dubious Chinese businesses, while also emphasizing a commitment to strengthening bilateral trade and relations. Mr. Han’s remarks came during a seminar on Tuesday commemorating the 49th anniversary of diplomatic relations between China and Thailand.
This affirmation from Mr. Han came at a crucial time, coinciding with a controversy sparked by a Chinese-language billboard in Bangkok’s Huai Khwang area. The billboard boldly advertised a 30-day service for obtaining foreign passports or citizenship, drawing widespread attention over the weekend.
Mr. Han shed light on the robust presence of Chinese enterprises in Thailand. “Over 2,400 Chinese companies are currently operating in Thailand, with about 1,400 of these having passed inspections by the Board of Investment (BoI). Most of these companies are thriving in the manufacturing and construction sectors,” he explained. These businesses are known to bring various benefits to Thailand, including job creation, investment, and contributions to social and educational projects.
Apart from these large-scale ventures, Chinese entrepreneurs are also active in Thailand’s bustling service sector. “To illustrate, you’d be surprised to know there are over 700 Sichuan hotpot establishments in Bangkok alone!” Mr. Han noted with enthusiasm.
Nevertheless, not all Chinese investments come without issues. Mr. Han admitted that there are instances where investments utilize grey capital. “Some Chinese investors, particularly those operating independently, are linked to shady operations. They distort market benefits, placing undue pressure on Thai SMEs and sometimes violating local laws,” he acknowledged. Stressing the need for cooperation, he said, “Thai and Chinese authorities must work closely together to enforce laws effectively.”
Turning to the realm of trade and investment, Mr. Han expressed China’s readiness to bolster Thailand’s economy, especially in agriculture and tourism sectors. He highlighted, “Currently, the total trade value between China and Thailand stands at an impressive US$120 billion, with China maintaining a trade surplus of US$35 billion.” He pointed out that more than 85% of imported goods from China are capital goods that Thailand can further develop and export, such as silicone sheets.
Elaborating on the synergy between the two nations, Mr. Han stated, “After Chinese companies launched solar cell sheet production in Thailand, they have been importing silicone sheets from China, amounting to $1.2 billion last year. Concurrently, Thailand has exported solar cell panels worth $3 billion, predominantly to Europe.”
Mr. Han also extended an olive branch to Thai exporters, assuring them of China’s receptiveness to Thai products, particularly agricultural goods which constitute 42% of Thailand’s exports to China. “We are enthusiastic about boosting Thai exports to our market,” he affirmed.
Tourism, another pivotal sector, also saw significant contributions from Chinese visitors. “Last year alone, Chinese tourists spent a staggering $10 billion in Thailand,” Mr. Han remarked, underscoring the crucial role of tourism in the economic partnership.
The ambassador’s statements reflect a multifaceted approach, focusing on cultivating a healthy business environment, enhancing lawful cooperation, and expanding mutual trade and tourism benefits. As China and Thailand mark nearly half a century of diplomatic ties, the prospects of deepening cooperation and addressing challenges appear brighter than ever.
This is great news for Thailand! Collaboration with China will boost our economy tremendously.
I agree, but we have to be cautious. Some Chinese businesses don’t operate ethically.
Absolutely, that’s why strong regulations are key. But the benefits can’t be denied.
Regulations are one thing, but enforcing them is another. Thailand’s history shows it’s not that simple.
Chinese investment creates jobs, but at what cost to local SMEs?
Good point, Ming. Local SMEs have to innovate and adapt to survive in a global market.
Why are we allowing all these foreign businesses to take over? What about supporting our own?
With $10 billion spent by Chinese tourists, we need this investment. Let’s not forget that.
Tourism money is good, but do we really want to depend this heavily on one country?
Diversification is important, but you can’t ignore a market as big as China’s.
This is an intricate balance. The advantages are clear, but the risks are too.
Honestly, this all just feels like another form of colonialism. Control through economics.
Totally agree, it’s modern-day economic imperialism.
That’s a bit dramatic. Mutual benefits are the foundation of these relationships.
It’s good to see efforts in cleaning up the dubious businesses. Quality control is necessary.
But will they really clean up, or is this just for show?
Interesting to see how much emphasis is placed on agriculture. Our farmers could gain a lot from this.
As long as the promised support actually materializes. We’ve heard big talk before.
Hyped about the bilateral trade numbers! Finally seeing some solid figures.
Numbers are one thing, but let’s see the real impact on the ground.
Strengthening ties is essential, but we must ensure fairness. Both sides need to benefit equally.
The cultural exchange will be interesting. 700 Sichuan hotpot places in Bangkok? Who knew!
I can vouch for that! The hotpot scene here is insane.
Importing and exporting tech like solar cells shows good long-term strategy.
True, Thailand can become a hub for renewable energy.
We need to be vigilant about ‘grey capital’ and shady investments. They can wreck the economy.
Exactly. Transparency and strict regulations should ward off bad actors.
Let’s not forget the human element—job creation is huge for us.
I hope this means more avenues for exporting our fruits and vegetables to China.
Chinese Ambassador’s commitments sound great, but execution is key. Let’s see what happens in practice.