Thailand is emerging as a key stop on the modern-day Silk Road, where Chinese companies are enjoying friendly business conditions.
A total of 35 new companies are now in the Thai-Chinese Rayong Industrial Zone. These firms have produced 5.5 billion US dollars-worth of goods since 2013, accounting for two-thirds of the zone’s total output.
Companies in the industrial zone have invested 2.5 billion US dollars for the construction of factories and other facilities. These firms have paid 120 million US dollars in taxes and helped in the creation of 20,000 jobs.
“We came to Thailand because it is a key destination for China under the One Belt, One Road initiative. We have chosen this zone because the infrastructure and facilities are very good,” said Heng Yongge, general manager of Zhongli Talesun Solar, a maker of solar panels.
Zhongli Talesun has invested 320 million US dollars in the industrial zone in eastern Thailand.
According to the industrial zone’s boss, Chinese investment is helping deepen economic ties between Beijing and Bangkok, to the benefit of both sides.
“We have developed an environment here in Thailand where Chinese companies can come together, co-operate and help each other.” said Zhou Libin, chairman of Thai-Chinese industrial zone.
