Nanning: The 22nd China-ASEAN Expo serves as a platform for ASEAN businesses to experience China's advanced Artificial Intelligence (AI) and green technologies firsthand, inspiring Thai companies to adopt Chinese AI technologies, a Thai banker has said, eyeing further cooperation between Thailand and China in green finance and digital economy.
According to Namibia Press Agency, Suwat Techawatanawana, executive vice president of leading Thai bank Kasikornbank, expressed in a recent interview with Xinhua that this year's expo not only shares AI progress but also sparks imagination for creating new businesses. Suwat highlighted China's significant strides in AI, evident from its leading position in robotics and AI tools showcased at the expo, which can improve business efficiency and cut costs. Thailand, he noted, is increasingly keen on AI applications.
The banker observed that Thailand is emphasizing its eight western provinces in the "City of Charm" zone at this year's expo, inviting Chinese tourists and business professionals to explore the local development potential and investment opportunities. The expo's exhibition areas for commodity trade, trade in services, and investment cooperation offer valuable feedback for businesses to develop their operations and economic exchanges.
Suwat believes that the upcoming upgrade of the China-ASEAN Free Trade Area (CAFTA) to version 3.0 will significantly benefit industries such as food, agricultural products, tourism, logistics, and digital e-commerce. "The CAFTA 3.0 will serve as a strong starting point for developing the digital economy, e-commerce, the green economy, and sustainability, ultimately fostering connectivity among small and medium-sized enterprises across participating countries," he stated.
The banker noted China's advancements in new energy vehicles and solar panels gaining increasing recognition, indicating that Kasikornbank is ready to provide technical support to its clients and looks forward to enhancing joint ventures and cooperation with Chinese enterprises. Suwat added that Kasikornbank plans to issue 200 billion baht (about 6.28 billion U.S. dollars) in loans for green finance and continue issuing green bonds. In the digital economy, Kasikornbank operates a payment platform that connects businesses and recognizes the necessity of cross-border payments.
Suwat emphasized, "By connecting people and businesses, we can act as a leader, supporter, and business matcher, facilitating progress in the near future." Official data shows that China and ASEAN have been each other's largest trading partners for several consecutive years. Suwat expressed optimism about witnessing more breakthroughs in digital technology and human touch in ASEAN-China cooperation over the next five to ten years.
He stressed the importance of helping companies better utilize Chinese technology with the support of seamless integration of big data and other technologies, while strengthening coordination and cooperation with both the Chinese government and the private sector, including financial institutions. This will enable businesses and individuals to access more efficient and affordable technologies.
Suwat concluded by stating that Kasikornbank aspires to be a regional bank and a bridge between China's economy, the private and public sectors, maintaining good relations and creating new economic ecosystems. Through ongoing coordination and development, the peoples of China and ASEAN countries will ultimately benefit, contributing to regional economic growth.