Miscellaneous News
- Thread starter bd popeye
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We Chinese often say that if you want to get rich, build roads first. The high speed railway is the future for Lao's export and investment. Contrary to those MSM's articles that keep repeating the debt trap nonsense, the Lao high speed railway would bring prosperity towards Lao.
For many in Laos, a shiny new railway line is something to celebrate - even if its top speed is 160km/h. Previously, the only railway in the country was a 7km line in the south, built by French colonialists in the 1890s to transport gold and timber through Cambodia to France. It closed in the 1940s.
Locals have been able to take slower train services since April last year - they travel at 120km/h, but there are more stops.
The railway line had notched up more than 20.9 million passenger trips as of early September, with over 25.36 million tonnes of cargo transported, according to official Chinese data.
"It is faster, and safer," said Mayvong Sayatham, who works for an NGO and often takes the train from Vientiane to Luang Prabang - a 338km journey that takes under two hours. It takes six hours on the bus.
She said the train was "always full". "Laos never had a train before and this has proven that it helps a lot logistically," Sayatham said, noting that it was cost-effective and saved time.
In Vientiane, there are signs of economic recovery, as foreign tourists slowly return to the city's cafes and night markets.
There are also plenty of signs of Chinese investment. Not far from the Vientiane Centre, a shopping mall backed by Chinese money, billboards and restaurant signs advertise in Chinese characters. The city's central bus terminal stands half-finished after the project ran out of cash, and many buildings nearby are up for lease - the ads are mostly in Chinese.
For Chinese investors like 47-year-old Liu Yongde, Laos offers business opportunities and a change of pace.
Liu, who is from Sichuan province in China's southwest, has invested 500,000 yuan (US$68,400) in a durian plantation about 85km away from Vientiane. Liu and his business partners have invested in bridges and roads to access the fields.
His plan is to sell the fruit back in China. "The labour costs are very low here - it's only 2,500 yuan for each labourer [per month]. But in China, you can barely hire one worker with 7,000 yuan [a month]," he said.
"I'm planning to bring my two sons to Laos after they graduate from college," he added. "It's so difficult for young people in China to get a proper job, but here it's less stressful and there are many opportunities to make money."
For many in Laos, a shiny new railway line is something to celebrate - even if its top speed is 160km/h. Previously, the only railway in the country was a 7km line in the south, built by French colonialists in the 1890s to transport gold and timber through Cambodia to France. It closed in the 1940s.
Locals have been able to take slower train services since April last year - they travel at 120km/h, but there are more stops.
The railway line had notched up more than 20.9 million passenger trips as of early September, with over 25.36 million tonnes of cargo transported, according to official Chinese data.
"It is faster, and safer," said Mayvong Sayatham, who works for an NGO and often takes the train from Vientiane to Luang Prabang - a 338km journey that takes under two hours. It takes six hours on the bus.
She said the train was "always full". "Laos never had a train before and this has proven that it helps a lot logistically," Sayatham said, noting that it was cost-effective and saved time.
In Vientiane, there are signs of economic recovery, as foreign tourists slowly return to the city's cafes and night markets.
There are also plenty of signs of Chinese investment. Not far from the Vientiane Centre, a shopping mall backed by Chinese money, billboards and restaurant signs advertise in Chinese characters. The city's central bus terminal stands half-finished after the project ran out of cash, and many buildings nearby are up for lease - the ads are mostly in Chinese.
For Chinese investors like 47-year-old Liu Yongde, Laos offers business opportunities and a change of pace.
Liu, who is from Sichuan province in China's southwest, has invested 500,000 yuan (US$68,400) in a durian plantation about 85km away from Vientiane. Liu and his business partners have invested in bridges and roads to access the fields.
His plan is to sell the fruit back in China. "The labour costs are very low here - it's only 2,500 yuan for each labourer [per month]. But in China, you can barely hire one worker with 7,000 yuan [a month]," he said.
"I'm planning to bring my two sons to Laos after they graduate from college," he added. "It's so difficult for young people in China to get a proper job, but here it's less stressful and there are many opportunities to make money."
Honestly maybe this person has a point afterall (This discord post is on a trolling section do not take it serisouly.)
Between January and August, Thailand received foreign investment applications worth 365.2 billion baht ($10.1 billion) - 73% higher than the same period last year - led by Chinese firms that committed 90.3 billion baht, up nearly three times year-on-year, according to the Thailand Board of Investment (BOI).
Investment pledges from second-placed Singapore, totalling 76.4 billion baht, were also largely from companies originally from China, said BOI Secretary General Narit Therdsteerasukdi.
"And if you look at the month-by-month statistics, Chinese investments are still increasing," he told Reuters. "So I see that in the next two or three years, Chinese investments will still increase drastically in Thailand."
Net foreign direct investment to Thailand from China in the first six months of this year was up 56% year-on-year to 25.1 billion baht, central bank data shows.
This wave of investments into Thailand comes at a time of growing concerns over an economic slowdown in China, and is a shot in the arm for Thai premier Srettha Thavisin, who pledged to turn around Southeast Asia's second largest economy when he took over the reins in August.
Thailand's central bank expects 2024 economic growth to pick up to 4.4%, from a forecast 2.8% this year.
Srettha told reporters before flying out on Monday that his three-day visit to Beijing, centred around a forum on China's Belt and Road Initiative, would include discussion on electric vehicles.
The premier met with Xiaomi Corp's executive Alain Lam on Tuesday, as the smartphone maker works on its goal of producing EVs by early next year.
"The company is looking for a production facility to further its growth in many areas including EV," a Thai government spokesperson said.
'GOLDEN OPPORTUNITY'
Chinese EV manufacturers - including BYD and Great Wall Motor - have investment commitments of at least $1.44 billion in new facilities in Thailand, turning the country into a regional hub for EV production.
Thailand is already Southeast Asia's largest production centre for combustion engine vehicles, hosting major facilities of Japanese carmakers including Toyota Motor and Isuzu Motors.
But a large proportion of the 228 Chinese investments proposals this year have come in the electronics sector, according to the BOI.
Investment pledges from second-placed Singapore, totalling 76.4 billion baht, were also largely from companies originally from China, said BOI Secretary General Narit Therdsteerasukdi.
"And if you look at the month-by-month statistics, Chinese investments are still increasing," he told Reuters. "So I see that in the next two or three years, Chinese investments will still increase drastically in Thailand."
Net foreign direct investment to Thailand from China in the first six months of this year was up 56% year-on-year to 25.1 billion baht, central bank data shows.
This wave of investments into Thailand comes at a time of growing concerns over an economic slowdown in China, and is a shot in the arm for Thai premier Srettha Thavisin, who pledged to turn around Southeast Asia's second largest economy when he took over the reins in August.
Thailand's central bank expects 2024 economic growth to pick up to 4.4%, from a forecast 2.8% this year.
Srettha told reporters before flying out on Monday that his three-day visit to Beijing, centred around a forum on China's Belt and Road Initiative, would include discussion on electric vehicles.
The premier met with Xiaomi Corp's executive Alain Lam on Tuesday, as the smartphone maker works on its goal of producing EVs by early next year.
"The company is looking for a production facility to further its growth in many areas including EV," a Thai government spokesperson said.
'GOLDEN OPPORTUNITY'
Chinese EV manufacturers - including BYD and Great Wall Motor - have investment commitments of at least $1.44 billion in new facilities in Thailand, turning the country into a regional hub for EV production.
Thailand is already Southeast Asia's largest production centre for combustion engine vehicles, hosting major facilities of Japanese carmakers including Toyota Motor and Isuzu Motors.
But a large proportion of the 228 Chinese investments proposals this year have come in the electronics sector, according to the BOI.
PeoplesPoster
Junior Member
don't post this trash please.
What point does the post have? Blaming China's defeat at Japan's hand on Jewish people? That sounds like Hitler blaming Jews for their lose of WWI, sounds farmiliar?
The poster used racial slur. Also remind you the poster's name is "Blueshirts" which was a facist orgnization created by Jiang Jieshi (Chiang Kei-shek) inpired by Mussolini's blackshirts. The blueshirts not only persecuted and murdered Communists but also left wing KMT members (杨杏佛). The poster is a fan of Jiang Jieshi (Chian Kai-shek) and KMT and Hitler from all the above. The poster's usage of classic Chinese remindes me of the incident of Taiwan students wearing SS uniform.
This post is not only trash but also bordering to breaking forum rule.
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Reminds me of when the open the doors to the Chinese buffet.
Or those Black Fridays shopping sales in America.
Apple is not forcing any plants to move to India. They are NOT moving production OUT of China, never has.
What they are trying to do is encourage their manufacturing partners to increase production outside of China.
Part of this Indian push is that they are opening new stores in India, the Indian government provides generous subsidies for these iPhones sold in India to be made there.
Chinese factories are finding it harder and harder to recruit for assembly work, this is a fact. I recently bought an EV charger made in Vietnam by a Chinese company. This is just the way it is now.
Reddit going into absolute damage control over the Israeli hospital bombing. Straight up removing and locking every post on the popular subreddits.
Not the first time Murray got arrested. I wouldn't be surprised if he gets sent to jail again. The first trial was a farce; typical for the Brits.