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Economic recovery in China key driver of improvement in Thai economy


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Economic recovery in China key driver of improvement in Thai economy

 

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The head of the Thai Chinese Chamber of Commerce has indicated that a predicted improvement in the Chinese economy will have a knock on effect of improving the situation in Thailand. 

 

Narongsak Phutthspornmongkhon said that key indicators pointed to improvements in both country's economies in the first quarter of 2021. 

 

Around half of Chinese businessmen expected to see more investment in Thailand and improvements in Chinese visitors to Thailand.

 

He said that improvements in the Chinese economy - expected by more than 60% of Chinese businessmen - would help drive improvements in the Thai economy early next year.

 

He said that the IMF was predicting an 8.2% rise in the Chinese economy next year and 4% rise for Thailand. This compared to a worldwide average of 5.2%.

 

Slightly less than half of Chinese businessmen put the chances of Thai economic recovery lower than the IMF predictions, however.  

 

Source: Channel 3

 

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And I hear from the CCP that the economy is not only back to normal in China, but actually doing very well.

 

Might as well believe them. Wishful thinking is what will save the world's economies. What's the old proverb out of Eastern Europe? "They pretend to pay us and we pretend to work". 

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2 hours ago, RichardColeman said:

....based on total destruction of the rest of the worlds economies by China

China exported Covid to the rest of the world thus crippling many countries economies... then come along as the saviour with the silk road.

One could reasonably ask if it was all a master plan?

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Think of Communist China as being similar to Nazi Germany in around 1936. With the massive buildup in their Armed Forces and sabre rattling at all the local nations, you don't need to be Nostradamus to see where this is going. 

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He said that improvements in the Chinese economy - expected by more than 60% of Chinese businessmen

 

Of course they expect it. Chinese businessmen invested money in Thai condos...they don't want to lose their money.

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