China’s relentless pursuit of a zero-Covid status, coupled with tough import restrictions, is having a negative impact on the Thai economy. So says the Thai economic planning agency, the National Economic and Social Development Council. According to a Nation Thailand report, the NESDC says it’s watching China closely, after a strict lockdown was enforced in Shanghai and other cities.
“China’s economy expanded by only 4.8% in the first quarter this year, lower than forecasts of more than 5%.”
The NESDC goes on to say there are 3 Chinese policies that will have a significant bearing on the global economy, including Thailand’s. The first is the Chinese government’s zero-Covid policy. The agency says if lockdowns of large cities continue, Thailand’s industrial supply chain for electrical appliances and electronics will be affected.
The second policy that will affect…
