Suphachai joins PM at BOI Chengdu office opening

Matichon•Economy•2d ago

Reader Briefing

Suphachai Chearavanont accompanied Prime Minister Anutin Charnvirakul to the opening of the Board of Investment (BOI) office in Chengdu, Sichuan.

•Suphachai Chearavanont joined Prime Minister Anutin Charnvirakul's delegation to open the BOI office in Chengdu, Sichuan province, China.
•Suphachai Chearavanont delivered a special lecture on CP Group's role in China and sustainable investment cooperation between Thailand and China.
•CP Group operates over 670 companies across 32 provinces, municipalities, and autonomous regions in China with nearly 220,000 employees.
•Suphachai Chearavanont proposed applying the 'Three-Benefit' principle to Chinese investments in Thailand to ensure mutual value creation.

Overview

•Suphachai Chearavanont joined a delegation led by Prime Minister Anutin Charnvirakul to open the Board of Investment (BOI) office in Chengdu, Sichuan province.
•CP Group entered China in 1979 as the first foreign company to invest in mainland China following the reform and opening policy.
•CP Group established a company in Chengdu in 1985, becoming the first foreign company in Sichuan province.
•CP Group currently has over 670 companies in China across 32 provinces, municipalities, and autonomous regions, employing nearly 220,000 people.
•In Sichuan province, CP Group's agricultural and livestock output value is expected to exceed 10,000 million yuan in 2025.
•Suphachai Chearavanont highlighted the 'Three-Benefit' philosophy of Dhanin Chearavanont, prioritizing benefits for the host country, local people, and then the company.
•CP Group and SAIC Motor invested over 900 million US dollars in Thailand with a production capacity of over 100,000 vehicles per year.
•Suphachai Chearavanont suggested that Thailand's strengths in electronics and agriculture can link with China's New Quality Productive Forces policy.

Full article content is available on the original source.

Read on Matichon (Thai Version)View in Google Translate

Source: Matichon (Original)

Key Quotes

Suphachai Chearavanont

"For nearly half a century, CP Group has believed in the potential of China, and today we still believe in the future of Thai-Chinese relations as before."

เกือบครึ่งศตวรรษที่ผ่านมา เครือเจริญโภคภัณฑ์เชื่อมั่นในศักยภาพของประเทศจีน และในวันนี้เรายังคงเชื่อมั่นในอนาคตของความสัมพันธ์ไทย–จีนเช่นเดิม

Key Entities

Person

Suphachai Chearavanont(ศุภชัย เจียรวนนท์)ℹ️

Senior Vice Chairman of CP Group who joined the Prime Minister's delegation to China.

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister and Minister of Interior of Thailand.

Dhanin Chearavanont(ธนินท์ เจียรวนนท์)ℹ️

Senior Chairman of CP Group who emphasized the 'Three-Benefit' philosophy.

Organization

CP Group(เครือเจริญโภคภัณฑ์)ℹ️

A conglomerate that was the first foreign company to invest in mainland China and operates over 670 companies in China.

Board of Investment(คณะกรรมการส่งเสริมการลงทุน)

An organization that opened a new office in Chengdu, Sichuan province.

SAIC Motorℹ️

A partner of CP Group in Thailand that invested over 900 million US dollars.

Place

Chengdu(นครเฉิงตู)ℹ️

A city in Sichuan province where the new BOI office was opened.

Sichuan Province(มณฑลเสฉวน)ℹ️

A province in China where CP Group established its first foreign company in the region in 1985.

People's Republic of China(สาธารณรัฐประชาชนจีน)ℹ️

The country visited by the Thai delegation and where CP Group has significant investments.

Policy

New Quality Productive Forces

China's highest economic strategic policy that Thailand's strengths can link to.

Belt and Road Initiativeℹ️

A framework under which Suphachai Chearavanont views the development of cooperation.

Law

ASEAN-China Free Trade Area(ความตกลงการค้าเสรีอาเซียน–จีน)ℹ️

A trade agreement (CAFTA 3.0) mentioned as a means to upgrade economic cooperation.