China
- Automotive
How to succeed in Thailand’s automotive market: Insights from SMM’s industry event
As one of the largest manufacturers in Southeast Asia, Thailand’s automotive industry boasts impressive growth opportunities, particularly in the electric vehicle (EV) sector. In addition to its geographical location, competitive labour costs, well-developed infrastructure, and supportive business environment, the country also has a pro-investment government. Take, for example, the incentives for joint ventures between Thai and foreign companies to manufacture…
- Business News
Mercedes-Benz shifts into high gear with ByteDance partnership
Mercedes-Benz is revving up its tech game by teaming up with ByteDance’s cloud division, Volcano Engine, to explore cutting-edge large language models (LLMs), generative artificial intelligence (AI), and big data. This turbocharged collaboration aims to supercharge Mercedes-Benz’s in-car systems in China with ByteDance‘s advanced LLM technology, giving their virtual assistants a full-throttle upgrade. According to both companies, ByteDance’s LLMs will…
- China News
Mother pays for daughter’s haircutting antics in Chinese salon
A mother in China faced an unexpected expense when her young daughter cut another customer’s hair at a hair salon, resulting in a hefty compensation fee. The incident occurred at a hair salon in Guangdong province, China. A mother brought her young daughter along to the salon and while the mother was waiting for her turn, chaos suddenly erupted. Her…
- Business News
Thailand poised to profit amid US-China trade war
Thailand might be about to cash in on the US-China trade war. According to the Office of Industrial Economics (OIE), the ongoing clash between Washington and Beijing could see a major boost in Thai exports as American buyers look to replace Chinese shipments that are in jeopardy. OIE Director-General Warawan Chitaroon stated that Thailand is a key manufacturing nation in…
- Thailand News
Cotti Coffee gains ground in Thailand with affordable menu
Cotti Coffee, a popular Chinese coffee franchise, is making waves in Thailand with its affordable menu starting at just 55 baht. The franchise currently operates eight branches in Bangkok, contributing to the growing presence of Chinese brands in the country. Chinese products are becoming increasingly common in major Thai cities, with a variety of items such as clothing, food, and…
- Tourism News
Thai tourists favour China and Japan over South Korea
A marked decline in the number of Thai tourists travelling to South Korea has been observed over the past seven months, with many opting instead for trips to China and Japan. The Korea Tourism Organisation (KTO) reported that 20,150 Thais visited South Korea in June, a significant drop from the 25,023 recorded during the same period last year. This downward…
- Thailand News
Thailand, China boost trade alliance amid investment opportunities
Thailand and China have engaged in discussions to enhance trade cooperation, focusing on expanding the market for Thai livestock products and fruits in China, while also welcoming Chinese investment in emerging industries within Thailand’s Eastern Economic Corridor (EEC). Deputy Commerce Minister Suchart Chomklin, appointed by Commerce Minister Phumtham Wechayachai, participated in the third meeting of the Sub-Committee on Trade and…
- Thailand News
China supports Thailand in combating dubious businesses
Chinese Ambassador Han Zhiqiang reaffirmed Beijing’s commitment to supporting Thailand in cracking down on dubious Chinese businesses, while also aiming to enhance bilateral trade and relations. Han made these comments during a seminar held on Tuesday, July 23, to commemorate the 49th anniversary of diplomatic ties between China and Thailand. A recent incident involving a Chinese-language billboard in Bangkok’s Huai…
- Thailand News
Sky-high tourism boom: Thai-Chinese flights to double
Aeronautical Radio of Thailand Co Ltd (Aerothai) announced a dramatic increase in flights between Thailand and China. The number of annual flights is expected to double from under 100,000 to a staggering 200,000, thanks to a new mutual permanent visa waiver policy. The policy, which began in March, allows Chinese and Thai passport holders to enjoy visa-free holidays and transits…
- Automotive
The top auto industry leaders gathered in Pattaya for the SMM automotive conference
The ASEAN Automotive Supply Chain Conference, organised by Shanghai Metal Market, was held at the Hilton Pattaya, Thailand, from June 18 to 19, 2024. The forum, themed Dual Circulation for Global Development, spotlighted the significant transition within China’s automobile industry, focusing on the shift from internal combustion engines to new energy vehicles and the global expansion of its industry chain…
- Thailand News
Foreign minister: China’s banking giant to boost tech investment
Thailand’s Minister of Foreign Affairs Maris Sangiampongsa met with Ge Haijiao, Chairman of the Bank of China, on Wednesday, July 10, during his official visit to China. The meeting, held to bolster Thai-Chinese economic ties, saw the presence of Pongsarun Assawachaisophon, Deputy Secretary-General to the prime minister. In a strategic pitch, Maris extended an invitation to the Bank of China to…
- Thailand News
GMM strikes a chord with Tencent, plans IPO crescendo
Thailand’s largest music company, GMM Music, is gearing up for an initial public offering (IPO) as early as this year, thanks to a significant equity investment from China’s Tencent Holdings. GMM Music’s Chief Marketing Officer Fahmai Damrongchaitham revealed in a candid interview with Bloomberg Television that the company is aiming for an IPO as soon as possible, depending on the…
- Thailand News
Chinese foreign minister calls for ASEAN regional cooperation
During a meeting between the Thai and Chinese foreign ministers to discuss the consultation mechanisms between the two nations, Chinese Foreign Minister Wang Yi emphasised the importance of upholding the ASEAN-centered East Asian regional cooperation framework and rejecting exclusive small circles. Wang and Thai Foreign Minister Maris Sangiampongsa co-chaired the second meeting between the foreign ministers. This two-day visit marked…
- Business News
Thailand-China flights surge 213% after visa exemption deal
Flights between Thailand and China have surged to 55,000 in the past eight months, following the signing of a mutual visa exemption agreement, according to the Ministry of Transport. Deputy Transport Minister Surapong Piyachote reported that the 55,433 flights from October last year to May marked a 213% increase compared to the same period the previous year. He projected that…
- Thailand News
Foreign Affairs Minister Maris to visit China for pivotal talks
Foreign Affairs Minister Maris Sangiampongsa is set to visit China next week at the invitation of Chinese Foreign Minister Wang Yi. The visit, scheduled from Monday, July 8 to Wednesday, July 10, will see Maris and Wang co-chair the second Thailand-China Foreign Affairs Ministerial Meeting, aiming to strengthen cooperation and support between the two nations. Nikorndej Balankura, a spokesperson for…
- Business News
US economy thrives in 2024, China faces challenges
The US economy has been robust throughout 2024, buoyed by strong consumer spending, fiscal stimulus, and a thriving labour market. In contrast, Europe and Asia, particularly China, have faced economic challenges, with China’s real estate market issues impacting its overall economic performance. However, there are optimistic signs for the remainder of 2024 and into 2025. China’s leadership is beginning to…
- Thailand News
Malaysia and China join forces on billion-dollar rail project
China’s plans to extend the East Coast Rail Link (ECRL) into Thailand are set to transform Southeast Asian trade. Chinese Premier Li Qiang announced the initiative during his visit to Malaysia yesterday. The US$10 billion (approximately 366 billion baht) ECRL, a key project of China’s Belt and Road Initiative, aims to connect Malaysia’s east and west coasts by 2026. Initially…
- Thailand News
LGBTQ+ community migrating Bangkok for freedom & fun’s sake
A Chinese real estate agent revealed the LGBTQ+ community is flocking to Bangkok to escape persecution and seek a new life that offers them more freedom. In 2019, 40 year old Owen Zhu’s real estate career was flourishing, with Chinese investors eagerly buying Bangkok properties, but the pandemic struck, halting travel and spending. Although Chinese buyers were slow to return, one…
- Thailand News
Thailand strikes new submarine deal with China
Thailand and China finally wrapped up negotiations on the Royal Thai Navy’s (RTN) much-anticipated purchase of a Chinese-made S26T Yuan-class submarine. RTN Commander-in-Chief Admiral Adoong Pan-iam announced today that the agreement is now awaiting the final nod from the Thai Cabinet. “If approved, we will promptly amend the deal with the Chinese manufacturer.” Admiral Adoong expects the submarine to be…
- Thailand News
Thailand and China forge stronger ties ahead of anniversary
In a high-profile meeting at the Ministry of Foreign Affairs, Maris Sangiampongsa, Minister of Foreign Affairs, representing the Thai prime minister, engaged in crucial talks with Shohrat Zakir, Vice Chairman of the Standing Committee of the National People’s Congress of China. The discussions focused on reinforcing the robust relationship between Thailand and China as the two nations approach the 50th…
- Politics News
China’s military drills around Taiwan, ‘punishment’ for new president
China’s military announced today that it has started two days of military exercises encircling Taiwan, calling the drills a ‘strong punishment’ against the island’s new president and a ‘stern warning’ against outside interference. The drills follow the inauguration of Taiwan’s President Lai Ching-te on Monday, whom Beijing has condemned as a separatist. According to China’s Eastern Theater Command overseeing the…
- Thailand News
Thai minister reveals groundbreaking health initiative with China
Thailand’s Minister of Higher Education, Science, Research, and Innovation unveiled a pioneering research programme in collaboration with China’s leading genome research powerhouse, BGI. This initiative, aimed at transforming healthcare in Thailand, promises to elevate the quality of life for locals while slashing healthcare costs tied to late-stage diseases. The ambitious project, spearheaded by Thailand’s National Center for Genetic Engineering and Biotechnology…
- Business News
Tipco Asphalt profits plummet 99% due to delays
Tipco Asphalt Plc (Tasco), listed on the Stock Exchange of Thailand (SET), faced a challenging first quarter with reduced earnings and profits due to delays in state budget spending and low global asphalt prices. Despite this, the company remains optimistic about returning to normal growth levels within the year. The company reported a significant revenue drop of 37%, falling to…
- China News
Flushed frustration: Sacked employee in bathroom break battle
A Chinese company employee, dismissed for excessively long bathroom breaks during work hours, sued his employer for compensation but faced counter-evidence. The employee, from Nantong in Jiangsu province, demanded 200,000 yuan (approximately 1 million baht) for what he claimed was an illegal termination. As an employee at an electrical circuit company since June 2015, Liu has been responsible for inspecting…
- Business News
China’s imports and exports rebound showing positive shift in April
After experiencing a contraction in the previous month, China’s imports and exports rebounded in April, according to customs data released today. This positive shift indicates a promising enhancement in both local and international demand, providing a vital lift to the nation’s fragile economic recovery. The upswing in data suggests that the numerous policy support measures introduced in recent times are…
- Thailand News
Thailand and China to continue submarine purchase negotiations
Negotiations are set to resume next Wednesday between Thailand and China, as they seek to resolve the protracted issue surrounding a submarine purchase agreement. A 13-person delegation from China, encompassing military officials and representatives of the S26T Yuan-class submarine manufacturers, is due to meet their Thai counterparts. The submarine was part of a procurement deal agreed upon by the Royal…
- Business News
Travel growth expected in Asia-Pacific despite cooling demands
Online travel agent Booking.com expects the Asia-Pacific region to see growth in bookings as we start to see stability in the global market. The company’s Managing Director for Asia-Pacific, Laura Houldsworth, said the company anticipated the growth might not be as fast as it has been because it’s starting to stabilize at a very high level. Asia was up mid-teens…
- Business News
Thailand’s steel industry threatened by surge in Chinese imports
The EAF Long Product Steel Producers Association raised concerns about the future of Thailand’s steel industry as local manufacturers face potential closure. This comes as a result of a surge in steel imports from China, which has resulted in a reduction of capacity utilisation to a mere 28% between January and February. The association’s president Chaichalerm Bunyanuwat urged for immediate…
- Thailand News
Woman sentenced for abducting child as future bride in China
A shocking scheme in Liupanshui, Guizhou Province, in China, where a woman named Yang abducted an 11 year old girl to groom her as a future bride for her eldest son, has led to prison sentences for both mother and son. The unusual case, which has sparked a furore on Chinese social media, underscores the enduring issue of child brides…
- Business News
Thai commerce minister to boost fruit exports to China via Laos
An evaluation of the Boten and Mohan checkpoints’ capacity to facilitate Thai fruit exports to China is on the agenda for Commerce Minister Phumtham Wechayachai. This is part of a strategy to ease the exportation process of Thai fruit during the 2024 harvest season, with shipments expected to commence at the end of April. The ministry’s spokesperson, Wittayakorn Maneenetr, reported that…
