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.
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…)
Clear skies over Asia’s new foreign investment landscape?
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…)
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