The Strategy on Promoting Sustainable Development of China's Investment in Thailand

Abstract

The strategy on promoting sustainable development of China's investment in Thailand has four research objectives: 1) to study the development, current situation and trend of China's investment in Thailand; 2) to explore the development opportunities and challenges of Thailand from the aspect of expansion of China's investment in Thailand; 3) to formulate strategies to promote China's investment in Thailand; 4) to put forward some policy suggestions for the sustainable development of China's investment in Thailand. This study was conducted by qualitative research method, and data was collected by literature research, documentary, in-depth interview, and focus groups.

The research findings are, In 2000,  China announced "Going-abroad policy". In 2013, China announced Belt and Road initiative (BRI) bringing significant increase of investment in Thailand. In 2019, China became the first country with the most investment in Thailand. "Thailand 4.0", Eastern Economic Corridor (EEC), China-U.S. trade conflict, and COVID-19 outbreak are the main factors for China to invest in Thailand, and there is a trend of increasing investment. Thailand should develop projects in line with its own investment strategy, prepare for the expansion of China's investment through the private sector, China Council for the Promotion of Foreign Trade and Investment and other associations, actively publicize, track and supervise the commercial operation of Chinese enterprises in Thailand, so as to solve the problems in the process of commercial operation, as well as selecting pilot projects or changing projects to adapt to the ever-changing environment.