China's fasteners are expected to benefit from Thailand's infrastructure

Recently, Thailand has drawn up the largest investment plan in Thailand’s history. The total amount of this plan is US$90 billion, which will be mainly used for infrastructure construction projects in the region to meet the ASEAN Economic Community and the Greater Mekong River, which will be completed in 2015. The need for rapid development of the regional economy. And China's fasteners are expected to benefit from it.

Thailand’s “Bangkok Post” reported on the 6th that Thai Prime Minister Yingluck announced the investment plan when he delivered a keynote speech at the Thai Investment Conference on the 5th. Yingla said that Thailand plays an important role in ensuring connectivity within the region. The Thailand government plans projects such as the Thai-Laotian high-speed railway and Thai flood control management. According to sources in the Thai government, the investment plan will last for 7 years and the source of funding will be mainly credit.

In 1992, the economic cooperation mechanism of the Greater Mekong Sub-region was initiated by the Asian Development Bank and was established in Yunnan Province, Myanmar, Laos, Thailand, Cambodia, and Vietnam, covering an area of ​​2.6 million square kilometers and a total population of 326 million. .

Thailand will start a $90 billion investment plan, mainly for infrastructure. Large-scale infrastructure construction requires the use of a large number of fasteners. This favorable market news is conducive to the export of fasteners to the Thai market.