Chinese economic slowdown set to impact Thai tourismDuring the first half of 2023, only 1.4 million Chinese tourists visited Thailand, indicating a significant decline in numbers. (File photo)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. Only 6.3% of Chinese real estate businesses met these criteria, making it nearly impossible for most businesses to borrow more money to operate. Given the immense size of the real estate sector, which contributes about 29% of China's GDP, its troubles have far-reaching consequences for the Chinese economy. Therefore, the Chinese economic situation has significant implications for Thailand's export sector, Mr Poonpong said.

Source: Bangkok Post August 24, 2023 05:42 UTC