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Suphachai on PM China Visit and CP Investments

Suphachai on PM China Visit and CP Investments

Thansettakij•Economy•28m ago

Reader Briefing

Suphachai Chearavanont highlights the importance of the Prime Minister's visit to China to attract high-tech investment from Chongqing and Sichuan.

  • •Suphachai Chearavanont traveled to the People's Republic of China with Prime Minister Anutin Charnvirakul.
  • •The visit aims to attract investment in semiconductors, electronics, high technology, and aviation from Chongqing and Sichuan.
  • •Charoen Pokphand Group has invested over 1 trillion baht in China since 1979.

Overview

  • •Suphachai Chearavanont traveled to the People's Republic of China alongside Prime Minister Anutin Charnvirakul.
  • •Suphachai Chearavanont stated that targeting Chongqing and Sichuan is necessary as they are hubs for high-tech industries that Thailand is promoting.
  • •Thailand's foreign investment last year was approximately 10,000 million USD, compared to Vietnam's 27,000 million USD.
  • •Suphachai Chearavanont noted that creating trust and demonstrating a friendly nation status are key to attracting Chinese investors.
  • •Charoen Pokphand Group has current investments in China exceeding 1 trillion baht with revenues of approximately 1.1 trillion baht.
  • •Charoen Pokphand Group began investing in China in 1979 and was the first foreign investor to receive company registration number 001.
  • •The BOI has opened an office in Chengdu to connect Thai investors with the economy of Western China.
  • •Suphachai Chearavanont views Thailand as a gateway to ASEAN and Chengdu and Sichuan as gateways to Western China.

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Source: Thansettakij (Original)

Key Quotes

Suphachai Chearavanont
"Trust"
ความไว้วางใจ
Suphachai Chearavanont
"Friendly nation"
มิตรประเทศ

Key Entities

Person

Suphachai Chearavanont(ศุภชัย เจียรวนนท์)ℹ️
Chief Executive Officer of Charoen Pokphand Group.
Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️
Prime Minister of Thailand.

Organization

Charoen Pokphand Group(เครือเจริญโภคภัณฑ์)ℹ️
A conglomerate that has invested in China since 1979 across agriculture, food, retail, real estate, and investment.
BOI
A government agency that opened an office in Chengdu and works with Charoen Pokphand Group to attract investment.

Place

People's Republic of China(สาธารณรัฐประชาชนจีน)ℹ️
The country visited by the Prime Minister and Suphachai Chearavanont.
Chongqing(ฉงชิ่ง)ℹ️
A key high-tech industrial production base in China.
Sichuan(เสฉวน)ℹ️
A province in China that serves as a hub for high-tech industries and the first major base for Charoen Pokphand Group in China.
Chengdu(เฉิงตู)ℹ️
A city in Sichuan province and a gateway to Western China where a BOI office has been opened.
Vietnam(เวียดนาม)ℹ️
An ASEAN competitor that attracted 27,000 million USD in foreign investment last year.
Malaysia(มาเลเซีย)ℹ️
A country compared with Thailand as a production hub in ASEAN.
Indonesia(อินโดนีเซีย)ℹ️
A country compared with Thailand as a production hub in ASEAN.