Jump to content
BANGKOK
snoop1130

Prayut asks Chinese bank boss for investment

Recommended Posts

I read in the Economist once that 30-50% of funds for infrastructure projects in Thailand simply disappeared as graft. Many of the recipients were government ministers and permanent secretaries of the departments commissioning the projects. 

We have a lot of infrastructure projects ongoing....how about finishing them before committing to more?

Share this post


Link to post
Share on other sites
16 hours ago, harada said:

But you will have to pay it back General, mai pen rai Comrade future generations can sort that out.

When the Chinese own you, they own you and cannot pay back. 

Share this post


Link to post
Share on other sites
17 hours ago, snoop1130 said:

Prime Minister Prayut Chan-o-cha on Thursday urged China’s Asian Infrastructure Investment Bank (AIIB) to back development in the Mekong region through the Thai-sponsored Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS).

Big Daddy Trump ain't gonna abide by that.  

Share this post


Link to post
Share on other sites
3 hours ago, Tropposurfer said:

Not the ADB?

I said a while back, the world is no longer the free zone it was for Western money.

China will, is shifting the balance of world economic power away from the US.

In a decade the whole world will see a complete shift in this balance.

War, economic and political subterfuge in controlling other governments as part of manoeuvring of world chess control, and hegemony by the US will not be an effective option as it has in the past.

The exponential growth of China’s military might will overtake the US in very short order. As for economics seeing as the yuan is not tied to world currency values and can be manipulated at will by China all but excludes them from hitherto sanctioning, and other trade shackles used to date. The massive internal economic engine that is China needs little from the west, and as it develops will leave coal and other energy forms behind.

Their inventiveness, and creativeness regarding ‘old ways of business’ is smashing previous barriers or perhaps simply ignoring western ones and methods completely.

curious to hear what any learned TV economists and political savee thinkers have to add to my thoughts.

Well firstly, AIIB is not a Chinese owned bank. It has 70 member countries and 27 more in the queue to join. Of course America is not a member as it refuses to accept anything where it might have to contribute to a consensus on another country's terms, particularly those 'daarrrnn Kammies.'

 

The mistake the west makes is that their learned (and usually embarrassingly wrong) economists always try and apply western methods and theory to the Chinese economy and when things dont add up, they have to wail that the Chinese are fudging the figures. Furthermore they dont appreciate that the Chinese couldn't give a flying fart what they think and sail serenely on. They feel no need to justify themselves to anyone. 

 

According to the Western experts, the Chinese economy has been on the brink of collapse for thirty consecutive years now and the stated rate of growth in China (6.6%) is a dire warning because it's down from above 10% over the last six years. These are numbers that make Western governments salivate so they have to switch to instant denial.

 

The yuan is in fact pegged to the US dollar at around CNY6.86 but PBC has a 0.02 discretionary adjustment allowance to compensate for currency fluctuations. It doesn't use it often as there is usually no need.

 

More reading here if you are so inclined Mr T:

 

https://www.aiib.org/en/index.html

Share this post


Link to post
Share on other sites

The Chinese are too busy buying up Africa, why would they want to invest any more in Thailand?

Share this post


Link to post
Share on other sites

When you jump into bed with the devil there is always a price to be paid but this time the price may be far greater for not only Thailand but the entire region.

Share this post


Link to post
Share on other sites
On 6/20/2019 at 7:29 AM, snoop1130 said:

Connectivity has two sides, hard and soft, he said.

I'm guessing guns are on the hard side, corruption and bribes on the soft. 😃

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...