Thailand Aims to Strengthen Economic Ties with China
Thailand's Finance Minister Pichai Chunhavajira emphasizes closer economic collaboration with China at the ACMA Business Forum 2024. He highlights Thailand's potential as a logistics gateway and aviation hub, addressing concerns over Chinese economic impacts. Increasing foreign investment and technological advancements are crucial for Thailand's growth.
Finance Minister Pichai Chunhavajira, at the ACMA Business Forum 2024, emphasized the need for Thailand to collaborate closely with China, leveraging Thailand's logistics and agricultural strengths.
Despite concerns over economic impacts from Chinese capital, Minister Pichai highlighted the potential for Thailand to become a gateway for Chinese exports and a hub for aviation.
Thailand's aging population and declining birth rate require economic adjustments and increased foreign investment, especially in technologies.
Concerns from the local business community about Chinese dominance in various sectors were also addressed, with calls for a balanced trade relationship to benefit both countries.