12 Jan '18, 4am

#Thailand should take advantage of the 'Asian Century': The Nation

BANGKOK (THE NATION/ASIA NEWS NETWORK) - China's Communist Party held its 19th National Congress in October, charting the development course of the world's second-largest economy over the next five years. In his address to the assembly, President Xi Jinping said, "China will secure a decisive victory in building a moderately prosperous society in all respects and strive for the great success of socialism with Chinese characteristics for a new era." The message was clear and bold, but what does it mean for Thailand? First, China will remain the world's main engine for economic growth, averaging around 6 per cent of GDP growth over the next several years. Thailand will benefit from China's long-term economic stability in terms of both trade and investment expansion. China will also open its vast domestic market of 1.3 billion consumers wider, a key asset for Thailand and oth...

Full article: http://www.straitstimes.com/asia/se-asia/thailand-should-...

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