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China

Chinese investors spent $2.3 bln in Thai property in 2018

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Credits : ADB

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election.

Thailand was the fourth-most-popular country for Chinese property investment in 2018, according to Juwai. With $2.3 billion coming in from Chinese sources, the Southeast Asian nation ranked behind only the U.S. ($30 billion), Hong Kong ($16 billion) and Australia ($14 billion.)

According to recent data from online Chinese real estate portal Juwai.com, Thailand was its most popular country when it comes to inquiries from potential real estate buyers in 2018 — climbing up from the sixth spot in 2016.

The impact of Thailand’s elections on its market and economy from CNBC.

That underscores the Southeast Asian nation’s enduring popularity with the Chinese — tourists from Asia’s top economy have for years seen Thailand as a top spot for holidays.

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China

Thai exports threatened by China’s cheaper rice

Africa is a potential target market for China now that consumers there are in the habit of eating aged rice

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Bangkok (VNA) – Thai rice exporters are fretting over their prospects this year as China looks set to ramp up its rice shipments, notably to Africa.

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Banking

BoT and PBC sign agreement on Fintech Collaboration

The two central banks aim to promote the use of innovation and technology to reduce costs and improve efficiency of financial products and services.

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 ​On 9 June 2019 Mr. Veerathai Santiprabhob  Governor of the Bank of Thailand (BOT)  and Mr. Yi Gang Governor of the People’s Bank of China (PBC), signed a Fintech Co-operation Agreement in Fukuoka, Japan. 

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China

Thailand welcomes relocation from China and Japan

A NESDC study found that the trade squabbles between the US and China since 2018 have led various factories to consider relocating their production bases to other countries.

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The Thai government has ordered the Board of Investment (BoI) to actively attract foreign investors who plan to move out of China, especially Japanese ones hit by the US – China trade war.

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