With its status as an international financial hub, Hong Kong can raise funds from anywhere, says secretary general for Eastern Economic Corridor Office
Thailand aims to use Hong Kong’s status as a global financial centre to raise funds for a new smart city in its flagship economic development zone, according to the head of the megaproject’s public agency.
Chula Sukmanop, secretary general of the Eastern Economic Corridor Office, also dismissed accusations that Beijing’s Belt and Road Initiative was a debt trap, highlighting benefits such as the thousands of jobs it had created for Thai people in the electric vehicle (EV) sector.
The Eastern Economic Corridor is a key initiative of Thailand 4.0, a blueprint which aims to elevate the Southeast Asian nation from middle-income status by developing innovative and advanced industries.
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