Chinese envoy pushes EV ties, urges fair view of 'grey’ capital

13 Sept 06:32 Key points summarised by AI

Chinese Ambassador Zhang Jianwei proposed a three-point strategy to enhance new energy cooperation between China and Thailand, emphasizing strategic coordination, expanded trade, and industry-academia synergy.
Highlighting China's significant strides in renewable energy, Zhang noted its world-leading system, with green power now comprising 60% of total capacity, attributing success to technological innovation.
He revealed that eight major Chinese EV manufacturers have invested over $3 billion in Thailand, establishing a comprehensive EV ecosystem, creating over 10,000 jobs, and supporting local workforce development.
Zhang urged a fair assessment of Chinese investments, asserting that the vast majority operate legally and contribute significantly to Thailand's economy, cautioning against associating all Chinese investors with illegal 'grey' capital activities.
The ambassador also praised robust Sino-Thai law enforcement cooperation in combating transnational crimes, reinforcing the embassy's commitment to fostering long-term, positive bilateral relations.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.