During the first half of 2023, only 1.4 million Chinese tourists visited Thailand, indicating a significant decline in numbers.
Thailand’s tourism and exports of chemical products and plastic pellets are expected to decline because of the Chinese economic slowdown, according to the latest study by the Commerce Ministry’s planning unit.
Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office (TPSO), said the liquidity crunch in China’s real estate sector is a major concern for the economy, hampering its recovery after Beijing lifted strict measures to control the spread of Covid-19.
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