Thailand and China will develop trade relations to reach a combined value of US$100 billion in the next three years, the Thai deputy prime minister/foreign minister said on Wednesday to MCOT News agency.
Surapong Tovichakchaikul said China is keen on investing in water resource management and development of Thailand’s infrastructure under the Bt2 trillion borrowing programme.
He said after a two-hour meeting with his Chinese counterpart Wang Yi that the two countries are interested in jointly developing a high-speed train line in Thailand while cooperation on tourism has been successful with 2.8 million Chinese visitors to the kingdom last year.
The number of Chinese tourists should reach three million this year, he said. Mr Wang Yi also informed the Thai deputy prime minister that China will permit Lin Ping, a Chinese panda born in Thailand, to stay after the lending term agreement expires soon. It’s time for the panda to return to China for mating but China will allow Ling Ping to stay longer, he said, adding that representatives of the Chinese Forestry Department will meet with the Thai Ministry of Natural Resources and Environment on the issue. MCOT online news
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…)
Subscribe via Email
Recovering global trade supports APAC economies but Tourism exposure will temper Thailand’s rebound
The direct contribution of travel and tourism to Thailand's economy was around 10% of GDP before the pandemic, but the...
Thailand Expects 600,000 Tourists from Phuket Sandbox reopening
From 1 July, Phuket will waive quarantine requirements for foreign tourists who have been fully vaccinated against COVID-19 under the...
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of...
Fitch Affirms Thailand’s rating at ‘BBB+’ with a Stable Outlook
Fitch forecasts Thailand's tourism-dependent economy will recover only modestly, by 1.8% in 2021 after a sharp 6.1% contraction in 2020.
One-stop SME information portal connecting ASEAN businesses and beyond
The ASEAN Access is a flagship initiative of the ACCMSME, spearheaded by the OSMEP, Thailand and supported by the Federal...