China
Thailand, China Set $100Bn Target for trade in 2015
Thailand, China Set $100Bn Target for trade in 2015. China is currently one of Thailand’s major trading partners. Thai-Chinese trade amounted to 64.7 billion US dollars in 2011.
Thailand and China have agreed to further boost economic ties during a high-level visit by Chinese Premier Wen Jiaboa to Bangkok.
Analysts say the visit, following soon after that of U.S. President Barack Obama, highlights increased interest in Southeast Asia’s positive economic outlook.
China is one of Thailand’s major trading partners. Thai-Chinese trade amounted to 64.7 billion US dollars in 2011.
Talks between Wen and Thai Prime Minister Yingluck Shinawatra on Wednesday were intended to build on a major trading agreement between China and Thailand, announced in April this year.
Under the pact set out for five years, the governments agree to ambitious targets to expand trade and investment, as well as tourism, aiming to raise bilateral trade up to 15 percent a year.
via Thailand, China Set Aggressive Targets to Increase Trade.
During the visit, several important documents involving relations between the two countries had been signed. Among them are the Agreement on Educational Cooperation, the second five-year Joint Action Plan on Thailand-China Strategic Cooperation for 2012-2016, the Memorandum of Understanding MOU on Agricultural Trade Cooperation, and a five-year development plan for 2012-2016 under the Agreement on Expanding and Deepening Bilateral Economic and Trade Cooperation.
China is one of Thailand’s major trading partners. Thai-Chinese trade amounted to 64.7 billion US dollars in 2011.
Both countries are seeking ways to achieve the bilateral trade target of 100 billion dollars by 2015. Chinese tourists visiting Thailand in 2012 are likely to reach two million, against 1.7 million recorded in 2011. Bangkok, Pattaya, and Kanchanaburi have been listed as popular tourist destinations among Chinese visitors to Thailand.
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...