Thailand's exports to China likely to grow in 2014
Thailand has high potential to export more products to the immense Chinese market next year when the…Thailand has high potential to export more products to the immense Chinese market next year when the Chinese economy should sustain growth of at least 8.4 per cent, Thai News Agency (TNA) reported.
Director General of the Ministry of Commerce's Department of International Trade Promotion, Nuntawan Sakuntanaga, told reporters of the growing prospect of Thai exports to the Chinese market, quoting reports sent by her department's office in Guangzhou, the capital of China's Guangdong Province.
Nuntawan assessed that China's economic growth during the fourth quarter of this year should grow by at least 7.7 per cent year-on-year, thanks to several positive factors, including goods storage by traders to serve rising market demand during the ongoing New Year festival and the upcoming Chinese New Year's celebration, which fall on Jan 31, 2014.
According to the senior Thai official, China's international trade has begun expanding since the third quarter of this year, as the economies of China's key trading partners, including the European Union (EU) and the United States, have picked up noticeably, which should, in turn, boost China's exports.
China will, therefore, likely to import more raw materials and semi-finished products to cope with its rising exports, which should help boost Thai exports to China.