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Guangzhou vice-mayor calm over keeping US investors keen

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US trade with China is currently under much scrutiny at the highest political levels. But Guangzhou’s vice-mayor, Cai Chaolin, stresses that the city has been open for business continuously for 2000 years, serving as a trading hub and gateway to China and the rest of Asia. 

“This is our history and legacy, and we will continue to play this role,” he says. “Many multinationals entered the Chinese market through Guangzhou, and we continue to facilitate trade.”

To keep the momentum going, in 2016 the city announced a five-year plan to shift Guangzhou’s economic focus to advanced manufacturing and service industries. “We are further strengthening commerce and logistics where Guangzhou is already a leader,” says Mr Cai. “We are accelerating the development of finance, technology and tourism industries.”

 
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Human trafficking cases in Thailand hit decade low due to COVID-19

Thailand has pointed to improved efforts to stop trafficking in recent years, under scrutiny from the United States and following criticism of its failure to tackle abuses in its lucrative seafood and textile sectors, as well as the sex trade.

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BANGKOK, Jan 21 (Thomson Reuters Foundation) – Police in Thailand last year launched the lowest number of human trafficking investigations in a decade as coronavirus restrictions on businesses and borders hindered criminal networks, according to a soon-to-be released government report.

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Economics

Thai economy to grow 4% in 2021 following 6.5% decline in 2020

The World Bank is now expecting the Thai economy to see 4% growth this year, and a 4.7% growth in 2022, despite current challenges from the new wave of COVID-19 infections.

Olivier Languepin

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Crowded downtown area in Bangkok

The World Bank now expects that the Thai economy to expand by 4 per cent in 2021, according to the latest World Bank Thailand Economic Monitor report “Restoring Incomes, Recovering Jobs” released on Wednesday (Jan 20).

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Thailand new coronavirus cases -59- down to two digits

Of the new cases, 28 were exposed to the virus while visiting high-risk areas. The province with the highest number of infections is Bangkok (10), followed by Samut Sakhon (7).

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Thailand confirmed 59 new coronavirus cases and one additional death on Wednesday, taking its total infections to 12,653 and fatalities to 71, the first day Covid infections are down to two digits since the beginning of the second Covid-19 outbreak in the country in December.

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