Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Trade  >>   Yingluck’s China visit to further boost Sino -Thai ties
NEWS UPDATES Asean Affairs   2 April  2012

Yingluck’s China visit to further boost Sino -Thai ties

31 March, 2012

Thai Prime Minister Yingluck Shinawatra will visit China in April and sign among others agreements on sale of agricultural products and economic cooperation for the next five years, Guan Mu, China's ambassador to Thailand, said yesterday.

He was delivering his keynote speech at the Bangkok Bank Knowledge Talk series.

Yingluck will travel to Beijing on April 17. Among the agreements to be signed are a memorandum of understanding on economic cooperation for five years and China's purchase of Thai agricultural products such as rice, rubber, and corn, said the ambassador.

"Thailand also is going to buy 800,000 [computer] tablets from China. The amount may not be huge but the most important thing is how education will develop in the future," he said, referring to the Thai government plan to buy tablets for pupils.

The two sides are also discussing investments in high-speed rail lines: Bangkok to Chiang Mai, Bangkok to Nong Khai, Bangkok to Rayong and Bangkok to Padang Besar, he said.

The railroad is about 1,000 kilometres, which is not very long when compared with projects in China, he said. For example, the high-speed rail linking Shanghai and Beijing is 1,300 kilometres. He said he had learned from top Thai officials that the government wants to start investments in the high-speed rail project this year.

If so, the main high-speed line is likely to be completed within five years, the ambassador said.
"In the next 10 to 15 years Thailand would have road and railroad connectivity with neighbouring countries. It would totally change the country and greatly benefit Thailand," he said.

He also projected that Chinese tourists coming to Thailand this year may reach 2 million, following 1.7 million last year.

Chinese visitors could rise to between 4 million and 5 million in the next five to 10 years, as Chinese are getting richer, he said.

He said the Chinese government planned to achieve gross domestic product growth of 7.5 per cent this year. It may be lower when compared with the previous growth rates of more than 9 per cent over the past 30 years, he said. He explained that a lower growth rate is needed as the government wants to improve the quality of growth and make it sustainable.

China will also create domestic demand as it would make economic growth more sustainable, he said. "We were not ready to rely on domestic demand in the past 10 to 20 years, but now we are ready," said Mu.

He said China is confident of catching up with the US in the next 10 to 15 years in terms of economic size as some research houses have predicted. The size of the Chinese economy surpassed Germany in 2008 and overtook Japan, previously the world's second-largest economy, in 2010, he said.

Li Zhimin, former chairman of the supervisory board of large state-owned enterprises under the State Council, said private enterprises and individual businesses in China have grown rapidly in the 30 years after China opened its economy.

He said the number of state-owned enterprises currently is less than one-twentieth of the total businesses. However, 58 state-owned firms are among the top 500 global firms, he said.

Meanwhile, Xiang Siying, executive director of CDH Investment, said the private equity market in China was still a very small segment but it is growing very fast.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    2  April  2012 Subsribe Now !
• Aung San Suu Kyi wins her landmark seat Subcribe: Asean Affairs Global Magazine
• Myanmar bans mining on four major rivers Asean Affairs Premium

• New Kyat exchange rate effective 1 April

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Trade jumps at Myanmar-Thai border   

• Yingluck’s China visit to further boost Sino - 

• Malaysia-EU FTA direction 

• Indo President SBY not to attend Asean

• ADB forecast 5.2% growth for Asean  
• Vietnams’ Green GDP Index by 2014  

Asean Analysis           12 March  2012

Advertise Your Brand
• Asean Analysis-Asean March 12 Sponsor Our Events

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand