Vice Premier Wang Qishan and Thai Prime Minister Yingluck Shinawatra Jointly Attend and Address the Luncheon for Chinese and Thai Entrepreneurs
On April 18, 2012, Vice Premier Wang Qishan and Thai Prime Minister Yingluck Shinawatra jointly attended and addressed the luncheon for Chinese and Thai entrepreneurs in Beijing.
Wang said that the two countries enjoy profound traditional friendship and Chinese and Thais are brothers. In recent years, the two countries have maintained frequent and close high-level exchanges and the cooperation in various fields has yielded fruitful results. China is Thailand's largest export market and second largest source of investment. Thailand is China's second largest trading partner among ASEAN countries. China has become Thailand's second largest tourist source country. The bilateral currency swap line reached 70 billion yuan. The scale of cross-border trade settled in local currencies continues to expand. These results have brought tangible benefits to both peoples.
Wang said that the Chinese and Thai economies are highly complementary and the two countries enjoy a solid foundation for cooperation. The establishment of the comprehensive strategic partnership between China and Thailand has opened a new page in bilateral relations. In the context of the severe and complicated global economic situation, it is crucial for China and Thailand to first manage its own affairs well. Both sides should seriously implement the second joint plan of action for strategic cooperation and the five-year plan for economic and trade cooperation, continue to deepen cooperation in such fields as finance, tourism, agriculture, roads, and shipping and promote local cooperation and exchanges so as to achieve the goal of bringing bilateral trade volume to 100 billion U.S. dollars by 2015 ahead of schedule. China supports the competitive Chinese enterprises to invest in Thailand and participate in key projects of Thailand such as railway, water conservancy, infrastructure, and clean energy. The Chinese side is willing to strengthen communication and coordination with Thailand at "10+1", "10+3", the East Asia Summit and other platforms and work together with Thailand to create a favorable environment for corporate cooperation and a better tomorrow for the trade and economic cooperation between China and Thailand.
Yingluck Shinawatra said that China's economy is growing fast. China enjoys political stability and huge development potentials. China is Thailand's most important trading partners. Under the framework of China-ASEAN Comprehensive Economic Cooperation Framework Agreement, the zero-tariff measures have greatly facilitated bilateral trade. She added that during her visit, the two sides have set a higher target for the further development of trade and economic relations: 20% annual growth in trade, 10% growth in investment, and 20% increase in the number of tourists in the coming five years. Thailand's economic fundamentals and financial environment are strong. Thailand's investment policies are favorable. Thailand enjoys an outstanding geographical advantage of being at the center of the ASEAN. Thailand is also taking vigorous measures to improve water conservancy and other infrastructure. Therefore, Thailand has confidence to achieve the goal set for the bilateral economic and trade cooperation. The Thai government sincerely welcomes Chinese investment, whether it comes from state-owned enterprises or private enterprises, government or private sector.
Before attending the luncheon, Wang held a short meeting with Yingluck Shinawatra. There were around 900 people from the governments and business communities of the two countries attending the luncheon.