China to invest in Thailand

China to invest in Thailand

HONG KONG (AFP): China Aerospace International Holdings Ltd. said yesterday it was considering investing in telecommunications in Thailand.

Wang Mei-yue, president of the Chinese firm which is listed in Hong Kong, said investments in Thailand might include global positioning satellite applications, digital cable TV and direct broadcast satellites.

He did not specify which Thai company it was negotiating with or what size the investments might be.

"We are confident in such investments. Not only Thailand needs them but also China, Taiwan and several other countries in the region need them," Wong said.

He said the investments may also involve manufacturing and marketing.