Thailand will experience a double-digit increase in Chinese investment from the Belt and Road Initiative (BRI) in the next decade after witnessing an inflow of US$24 billion from Chinese investments in the past 10 years, a Chinese bank executive predicts. Li was speaking on Wednesday at a Fitch Thailand Investor Briefing event titled “China's Credit Outlook and Investment in Asia Pacific”. From 2013 to 2018, $24 trillion of BRI-related capital flowed into Thailand, according to research by the CIMB Asean Research Institute (CARI) titled “China's Belt and Road Initiative and Southeast Asia”. “Furthermore, the Chinese government has also been encouraging some Chinese manufacturers to relocate in the Asean region,” Li said. This is because Thailand is in the supply chain affected by the tariffs that the US has imposed on China.

Source: The Nation Bangkok July 03, 2019 09:49 UTC