Analysts predict that China’s economic stimulus measures will spur an increase in Chinese tourists visiting Thailand, potentially driving the Thai economy to achieve a growth rate of at least 3% this year. This is due to the expectation that Beijing’s financial initiatives will simultaneously boost the economies of both nations.
Asia Plus Securities (ASPS) highlighted that China has rolled out several strategies to invigorate its economy, which will likely result in a rise in Chinese visitors to Thailand. Among these initiatives, the People’s Bank of China reduced its five-year loan prime rate by 0.25% to 3.95% in an attempt to support the property sector. In addition, the down payment requirement for first homes in the Hainan province was lowered from 25% to 20%, reported Bangkok Post.
Further to this, the China Securities Regulatory…
