BANGKOK (ANN): Thailand is likely to lose CLMV (Cambodia-Laos-Myanmar-Vietnam) markets to China in five years as this country currently has the most market share in the bloc, an economist warned on Wednesday (Nov 27).
A study has found that between 2004 and 2018, Asean countries imported seven times the amount of products it had imported previously from China, valued at US$277bil, while exports to the Asian giant were 4.1 times higher and worth US$194.53bil during the period, said Aat Pisanwanich, director of the University of the Thai Chamber of Commerce’s Centre for International Trade Studies.
China currently enjoys the highest market share in the CLMV, which can pose a risk to Thai exports in the next five years. In Myanmar, the loss might occur for such products as liquor, sauces, seasonings, powder, clothes, grain, tyres, paper, utensils, fish products, spoons and forks. Foreign direct investment from China in 2018 expanded 124% from 2011 – most of it going to Cambodia – while Chinese investment in Thailand expanded by US$497mil, Aat said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan calls China 'enemy of democracy' after meddling claimsChairman of ruling party says there needs to be further investigations amid number of fake news from Beijing. FMTNews Taiwan
Read more »
Taiwan says China 'enemy of democracy' after elections meddling allegationsTaiwan will be holding presidential and legislative elections on Jan 11.
Read more »
Minister says HK part of China 'no matter what happens' in electionsPartial results indicate pro-democracy movement set for shock victory. FMTNews China HK Elections
Read more »
Hong Kong part of China 'no matter what happens' in elections: Chinese Foreign MinisterTOKYO: Hong Kong is a part of China “no matter what happens“, Chinese Foreign Minister Wang Yi said Monday, with the crisis-hit city’s pro-democracy looking set for a crushing victory in community-level elections at the weekend.
Read more »
Australia siasat dakwaan China cuba 'pasang' pengintip di ParlimenTelevisyen Australia menyiarkan dakwaan satu rangkaian pengintipan China menawarkan A$1 juta kepada pengedar kereta mewah di Melbourne supaya bertanding di satu kerusi Parlimen Australia. FMTNews China Australia
Read more »
Watch this: China surveillance tech seeks to go globalChinese firms are omnipresent at a Paris homeland security trade show, capitalising on their vast experience in developing surveillance systems for Beijing to conquer the global market despite concerns the technology has been used to violate human rights.
Read more »