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Wednesday, May 15, 2024

Chinese rebound could help Thailand

Trucks travel past containers at Yangshan port near Shanghai. (Photo: Reuters)

The Thai economy and stock market could benefit from China’s economy, which performed better than expected during the third quarter, according to analysts who expressed hopes that Beijing will launch more stimulus measures later this year.

Koraphat Vorachet, head of research at Krungsri Capital Securities, said China’s GDP growth of 4.9% in the third quarter beat the market estimate of 4.5%, indicating government policies have effectively lifted the economy.

In the first nine months of 2023, the mainland’s economy expanded by 5.2% and…

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