Thailand says it is not accepting financing from China, but using Chinese expertise and buys equipments and railtechnology from China.
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This is a real possibility by 2025, if China's ambitions to build an iron silk road using its high-speed railtechnology.
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Trains would use the same wheel-on- railtechnology found in France, Spain, Korea and China and reach speeds of more than 200 mph.
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China built the world's longest high-speed train network in less than a decade and has expressed its desire to export its railtechnology.
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The Siemens and Alstom transport businesses span the iconic French TGV and German ICE high-speed trains as well as signaling and railtechnology.
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The combined TGV and Siemens' ICE-high-speed trains, and signaling and railtechnology would have 15.3 billion euros in turnover.
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The company singled out as non-strategic its energy and transport businesses, made up of AnsaldoBreda, engineering firm AnsaldoEnergia, railtechnology group and bus manufacturer BredaMenarinibus.
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Spokesman Wang Yongping added: "China's high-speed railtechnology is up to date and up to standard, and we still have faith in it."
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His remarks underline China's ambitions to become an exporter of high-speed railtechnology able to compete with the likes of Germany's Siemens and Canada's Bombardier.
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- China may soon be able to export high-speed railtechnology.