REUTERSThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is looking into new trade issues, including the influx of Chinese goods, aiming to draft a new economic proposal for the Srettha Thavisin government. The import of cheap Chinese products is on the rise, which will also affect the trade balance between Thailand and China, said Mr Kriengkrai. The JSCCIB plans to consider on Thursday revising its growth and inflation projections as economic circumstances change. The export projection is based on the global economic slowdown and estimates for China's growth to decrease to 5.4-5.5%, down from a previous outlook of 6%, as well as rising interest rates. "The JSCCIB is monitoring global economic factors that may affect the Thai economy," said Mr Kriengkrai.

Source: Bangkok Post September 07, 2023 05:15 UTC