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Tourism can help drive Thai economy - Chinese investors are ready


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Tourism can help drive Thai economy - Chinese investors are ready

 

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Thai media reported again that opening the country to tourism was a key way to drive the economy forward.

 

Channel 7 reported on estimates from one of the country's largest banks - Krungsri (Bang of Ayudhya) - who said that the economy had contracted 6.4% this year with the export sector down 7.5%. 

 

Much of the economy was still fragile with rising household debt a concern. They expected slow tourism recovery next year and cautioned investors to keep a wary eye on vaccine developments and matters like Brexit. 

 

Thai Chinese Chamber of Commerce president Narongsak Phutthaphrommongkhon - who elsewhere has been promoting the idea of travel bubbles for Chinese tour groups to visit Thailand including a pilot project for Phuket - said that Chinese investors were ready to put their money into Thailand. 

 

This and a steady return to mass tourism could be a key driver of recovery in the Thai economy. 

 

Source: Channel 7

 

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-- © Copyright Thai Visa News 2020-12-03
 
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Read what is going on between Australia and China the war or words and innuendos and trade embargo on Aussie products where China is bullying Australia after they have bough half of Australia land and

Of course they are.  Ready to sweep in and buy up everything for peanuts when everyone is desperate to sell. Saw that coming a mile off.

I'm reading some news about Canada and how they plan to tax non residents for property purchases.    They have been also taxing them for years on empty units and non resident transfer tax fe

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