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.
China
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.
(more…)China
Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.
(more…)Business
Great Wall Motor (China) takes over GM factory in Thailand
The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.
(more…)-
Forex5 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National2 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Economics2 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
-
Banking4 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?