Thailand investment applications hit 5-year high, led by Chinese money

China's influence is growing in Asia!

"Applications to invest in Thailand climbed 43% to a five-year high of 848.3 billion baht ($24 billion) in 2023, driven by Chinese capital, the latest official data shows.

Foreign direct investment accounted for 663.2 billion baht of the total, up 72%. China was the top applicant by value at 159.3 billion baht. ..."

Thai investment applications hit 5-year high, led by Chinese money - Nikkei Asia FDI jumped 72% in 2023 as U.S.-China frictions persist