The Impact of China’s Slowing Economy on Thailand

Economic experts are voicing apprehension over the slowing Chinese economy, citing that the mainland’s deceleration and escalating tensions with the US could potentially affect Thailand in terms of exports, tourism, direct investment, and property.

Despite China’s economy surpassing estimates by growing 4.5% in the first quarter, it has since experienced a slowdown. The disappointing figures in terms of investment, consumption, and exports have stirred concerns.

In the initial nine months of this year, China’s GDP witnessed a growth of approximately 5.2%, implying it needs to expand by nearly 4.4% in the final quarter to meet the government’s annual growth target of 5%.

Punn Pattanasiri, an analyst at SCB Economic Intelligence Center (SCB EIC), expressed that while a growth of 5.2% might appear high, it is a decline compared to the usual 6-8% growth rate of China. He…