Monday, July 22, 2024

How Thailand Benefits from China’s Post-Pandemic Boom

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Thailand’s tourism industry has been severely affected by the pandemic, with only 6.7 million foreign tourists in 2020 compared to 39.9 million in 2019. However, the return of Chinese tourists, who make up the largest share of foreign visitors, has helped to recover some of the losses. The number of Chinese tourists in Thailand is expected to reach 100% of pre-pandemic levels by October 2023, much faster than other countries in the region. Additionally, Thailand benefits from China’s post-pandemic boom in terms of trade and investment opportunities, as China is its largest trading partner and a major source of foreign direct investment. China remained the top investor in Thailand in 2020 with $8.5 billion worth of FDI projects approved by the Thai Board of Investment.

How Thailand Benefits from China’s Post-Pandemic Boom – Thailand News