Thai Giant Group Confident in Investing in West ChinaThai giant Chia Tai Group is going to aggrandize its investment in west China because the country is improving infrastructure in the west.Ihi Rayut Phitya-Isarakul, president of the group's Agro-Industry Business China Area, told the reporter in Guiyang on October 13 that the group is enthusiastic about China's developing the west, adding the group has established enterprises in the west region, including in Sichuan, Yunnan and Guizhou provinces and Chongqing municipality. Boasting abundant natural resources and low power and labor cost, China's west is, however, annoyed by limited transportation capabilities and poor communications system, which hinders the development of enterprises in the region. As the Chinese government has decided to change fundamentally the state of its transportation in the west within five to 10 years, Chia Tai Group will gradually increase its investment in the region, Ihi said. The group began to invest in China in 1979. With a total asset of US$4 billion in China, the group has founded over 180 enterprises across China, except in Tibet Autonomous Region and Qinghai Province, according to Ihi, who was in Guizhou for a visit. |
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