China
Thailand – China rail project likely to break ground in 2016
If negotiations go on smoothly, construction will start at the end of this year or the beginning of the next, Prajin Juntong told Xinhua on the sidelines of the 13th China-ASEAN Expo in China’s southern city of Nanning.
Construction on a rail line between Bangkok and Nakhon Ratchasima in Thailand looks set to start this year, Thai Deputy Prime Minister Prajin Juntong said Sunday.
If negotiations go on smoothly, construction will start at the end of this year or the beginning of the next, Prajin Juntong told Xinhua on the sidelines of the 13th China-ASEAN Expo in China’s southern city of Nanning.
Upgrading the railway network
The upgrading of the railway network is of great significance to the Thai economy, and China has plenty of experience with high-speed railways, Prajin Juntong said.
Currently, Thailand and China are negotiating financing and other issues, he said.
According to Thai sources, the Bangkok-Nakhon Ratchasima railway will use Chinese trains and Chinese technology.
Thailand and China signed documents on the development of Thailand’s transportation infrastructure in 2014.
The China-Thailand railway project will improve regional connectivity and support regional economic and social development, Prajin Juntong said.
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...