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Thai Junta Eyes Chinese Investment for $51 Billion Spending Plan

Suttinee Yuvejwattana, Anchalee Worrachate
Thai Junta Eyes Chinese Investment for $51 Billion Spending Plan

Thailand is seeking Chinese investment to help galvanize a five-year, 1.7 trillion baht ($51 billion) development plan for its eastern seaboard to bolster the economy. While political tension has shadowed Chinese investment in nations from Australia to Sri Lanka, the Thai military government views its so-called Eastern Economic Corridor project as well placed to link with China’s Belt and Road Initiative. "China is very important in terms of trade and investment," Prime Minister Prayuth Chan-Ocha said in an interview in London last month, when asked about the country’s significance for the corridor.