China
Thailand’s exports to China surged in October
Thailand’s exports to China in October continued to surge by 27 percent, to a record high of US$1.9 billion in value from the same month last year, according to Kasikorn Research Center KRC.
Thailand’s exports to China in October continued to surge by 27 percent, to a record high of US$1.9 billion in value from the same month last year, according to Kasikorn Research Center KRC.
Although Thai export growth to China dropped slightly from the previous month, it outgrew major export destinations of the United States, Japan, Europe, and ASEAN.It showed China would still play an important role in boosting Thailand’s export sector for the rest of this year through next year.
KRC said Thailand is considered a production network close to China, as it is a quality capital goods and raw material importing source.Also, Thailand remains a source of consumer products recognized by Chinese people whose purchasing power is growing higher.
via Thailand’s exports to China continue surge in October: KRC.
Economics
China’s new three-child policy highlights risks of aging across emerging Asia
Thailand’s (Baa1 stable) total dependency ratio is set to jump nine percentage points to 51% by 2030 – a faster increase than China’s – which will pressure public and private savings through higher taxes and social spending, reducing innovation and productivity gains.
Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service.
(more…)
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.
(more…)
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...