Connect with us
Welcome to Long An

China

Thailand’s Exports to China expected to grow in 2010

Thai exports to China are expected to have plenty of rooms to grow in 2010 because of the incessantly growing economy of China and the tariff reduction to 0% following the ASEAN-China Free Trade Agreement (FTA). The mentioned factors are believed to help facilitate wider access of Thai exports to the Chinese market.

Avatar

Published

on

china

According to the latest report from Kasikorn Research Center (KResearch), Thai exports to the People’s Republic of China in the first quarter of 2010 expanded by 70%. The overall export figure in March is reported to be higher than February by 11%. Exports to China hence can greatly support the whole export sector of Thailand to improve despite the risk from the ongoing domestic political upheaval.

In addition, Thai exports to China are expected to have plenty of rooms to grow in 2010 because of the incessantly growing economy of China and the tariff reduction to 0% following the ASEAN-China Free Trade Agreement (FTA). The mentioned factors are believed to help facilitate wider access of Thai exports to the Chinese market.

KResearch forecasted that Thai exports to China this year could expand by at least 25% year-on-year, and could play a vital role in boosting economic confidence when consumption, investment, and tourism of the country are in decline following the prolonged political standoff.

Positive factors boosting Thai exports to China this year are economic stimulus measures to drive consumption and investment in China, and the policies are hoped to help increase demand for Thai goods in the Chinese market continuously.

However, the Chinese government is expected to enforce stricter financial measures to control inflation and bubble in its property market, the main risk factors towards stable economic growth of China. Hence, the Chinese government might increase its policy interest rate in the second quarter and that could reduce consumption and investment in the latter half of 2010.

Based on the analysis, main export products from Thailand to China with potential to grow further continuously include computers and computer parts, para rubber, chemical products, plastic resin, rubber products, and tapioca products.

Meanwhile, the export sector of China also tends to expand constantly in 2010; therefore, the demand for materials from Thailand is still increasing. However, export products from China still have to face with many trade barriers from its trading partners such as the US and the EU.

Although the current export sector, especially exports of Thai products to China, can help shoulder the Thai economy in general, it is also vital to boost confidence in the economy in other sectors from investment to tourism in order to ensure the strength of all economic pillars and the nation accordingly.

Reporter : Sarun Saelee

via Special Report: Bright Future for Thai Exports to China : National News Bureau of Thailand.

Advertisement
Comments

China

GM sells Thai factory to Chinese automaker GWM

After 20 years of operation in Thailand, General Motors will cease its activities, and resell its factory to the Chinese manufacturer Great Wall Motors

Avatar

Published

on

General Motors (GM) announced it will stop selling Chevrolet vehicles in Thailand and sell its Rayong plant to Great Wall Motors (GWM) by the end of this year.

(more…)

Continue Reading

Banking

Governments most exposed to coronavirus have strong fiscal and external buffers

Moody’s baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume.

Boris Sullivan

Published

on

As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.

(more…)

Continue Reading

China

In China, an Unprecedented Economic Transformation

China has been undergoing an economic transformation unlike any other on the planet through an Industrial Revolution, urbanization, and an information age o experiencing all three simultaneously.

Avatar

Published

on

HONG KONG, Dec 19, 2019 – (ACN Newswire) – Lei Zhang’ 02 is investing in Chinese companies during an extraordinary moment in history, he told students at Yale SOM.

(more…)

Continue Reading

Must Read

Upcoming Events

Apr 06

26th World Cardiology Conference – Bangkok

April 6 @ 8:00 am - April 7 @ 5:00 pm BMT
Apr 08

Global Public Health 2020

April 8 @ 8:00 am - April 9 @ 5:00 pm BMT
Apr 13
Apr 17

2nd International Conference on Nanomedicine and Nanotechnology

April 17 @ 9:00 am - April 18 @ 5:00 pm BMT
Aug 21

16th International Expo on Recycling and Waste Management

August 21 @ 8:00 am - August 22 @ 5:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,265 other subscribers

Trending