China
Thailand to expand high quality trade with China
Thailand is bound to export high quality products to China in the next decade, an expert said during a seminar on Thai-Chinese strategic research. Thai goods destined for export to China will be made as high quality products for Chinese people who make increased earnings.
Thailand is bound to export high quality products to China in the next decade, an expert said on Sunday. Addressing a seminar on Thai-Chinese strategic research, Thailand Trade Representative president Olarn Chaipravat said the Thai goods destined for export to China will be made as high quality products for Chinese people who make increased earnings.
“Thailand will deal in trade with China which has become the world’s economic superpower by exporting high quality goods to that country, including the top-quality rice named Hom Mali ( jasmine-fragrant), rubber, tapioca, palm oil, sugarcane and fruits. The Chinese will get richer, so they can afford to buy high quality goods,”
Olarn who is an adviser to Thai Prime Minister Yingluck Shinawatra told the seminar co-hosted by the National Research Council of Thailand, Huaqiao University and the Thai- Chinese Culture & Economy Association.
Olarn predicted that China’s economic growth will be 7.5 percent annually in the next decade
with employment of the Chinese in agricultural, industrial and service sectors speculated to rise 5 percent in a year.
Given increased incomes, those people will be looking for high quality products from exporting countries, including Thailand.
via Thailand bound to export high quality goods to China – People’s Daily Online.
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…)
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
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...