China’s economic woes threaten struggling Thai exports: Arkhom

China’s economic downturn is likely to impact already struggling Thai exports and the anticipated influx of foreign visitors this year, Finance Minister Arkhom Termpittayapaisith said on Tuesday.

China’s economy is expanding more slowly than many agencies had predicted, Arkhom noted. He added that despite the Fiscal Policy Office’s forecast of a substantial number of Chinese tourist arrivals this year, the current situation remains constrained.

China was the largest overseas market for Thai tourism before the Covid crisis hit in 2020. However, Thailand’s 2023 target for foreign tourists has not been reduced.

Keep reading…

The Nation Reporter