scmp is not official news for mainland China nor
can it represent Thailand, Thai own news outlet points out
https://www.bangkokpost.com/opinion/opin...den-forces
In fact, he seemed desperate to mobilise foreign investment to shore up the Thai economy, whose trend growth had declined by more than half to just 1.5% annually during the previous nine years under military-backed rule. But Mr Srettha really had no chance of succeeding.
His domestic policy initiatives, particularly the 10,000-baht digital wallet scheme for each of 50 million Thais to spur consumption and boost growth, faced legal opposition from the beginning. The "land bridge" scheme to link the Gulf of Thailand with the Andaman Sea did not gain traction. The "soft power" projects to harness Thailand's cultural capital did not gain momentum. The pending free-trade agreements with the European Union and European Free Trade Association are still awaiting a conclusion and were surpassed instead by the Thai FTA with Sri Lanka, which was unsubstantial and not comprehensive in coverage. In turn, Mr Srettha had to grab what he could to deliver economic growth, thereby resorting to visa-free tourism from China and Russia.
Thai own FTA with Europe is not through, benefits will not maximised fully.
Furthermore China FTA with Europe also stalled.
so even if it is proceed, it will not drawn big crowd as Singapore is a free port
which Thais ports cannot afford to be till few decades later.