China to invest more in Thailand

China to invest more in Thailand

BANGKOK - The Chinese government is interested in buying Thai agricultural produce, especially rice, and expanding investment in Thailand, Prime Minister Yingluck Shinawatra said after a meeting with visiting Chinese Premier Wen Jiabao on Wednesday.

Ms Yingluck said China plans to expand its investment in Thailand by 15% per year and is keen on opening a new airline route between the two countries.

The government would like to invite China to invest in Thailand's highspeed train network project, water management and the Dawei deep-sea port in Myanmar, she said.

Meanwhile, Thailand is interested in investing in rubber and the automotive industry in China, she said.

Premier Minister Wen said China and Thailand will become economic partners in many important projects, such as mass transportation, irrigation, agriculture and economic cooperation along the Mekong River.

China will continue to promote Chinese language learning in Thailand, he added.

Premier Wen flew into Bangkok Tuesday for an overnight visit on what will be his last foreign trip before the new Chinese leadership takes over.

His two-day visit came after United States President Barack Obama arrived in Bangkok on Sunday to discuss security and trade and investment with the Thai government.

Photos by Chanat Katanyu

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