Transcript of the above video:

As the title of this video suggests, we are discussing China specifically the issue surrounding China's economy and whether or not they may have sort of knock-on effects down here in Thailand. I thought of making this video after reading a really interesting article from the Thai Examiner, that is thaiexaminer.com. I urge those who are watching this video to go check out that article in detail. As always Thai Examiner does a deep, deep dive, there is a lot of info in there. I urge those who are watching this video to go check that out.

This is an excerpt from the article titled: Property Market collapse in China and a Chinese economic recession is the key threat to Thailand. Quoting directly: "Thai economy is currently chugging along in choppy waters as China's problems grow and the US dices with recession. However, the key worry is increasingly the danger of growing economic downside in China where a property market valued at twice the US national debt has already fallen by 40% threatening to deepen an already existing banking crisis." Quoting further: "Thailand still aims for 3% to 3.5% growth this year while unlike many western countries, planners are confident of raining in inflation toward the end of 2022 while maintaining steady export growth and driving a recovering foreign tourism industry." (And I think this is a good point.) The key threat facing the Kingdom and one that is still emerging is a deteriorating Chinese economy and the possibility of a shock wave created by a collapse of the Chinese property sector, in addition to rising insecurity caused by heightened tensions between the United States and its Western partners and Thailand's strategically important trading partner to the north." Yeah, I mean a lot to unpack there but a good point. It is kind of one of those "if China sneezes maybe Thailand catches a cold" kind of situations. Now one aspect of this that I don't know that was quite delved into and it was sort of mentioned but Thailand has kind of had to go cold turkey from China as far as the tourism market for two and a half years now. I mean we haven't really seen any major influx in Chinese tourists from mainland China in quite some time. I mean there have been tourists and things from other parts of sort of greater China if you want to call it that, but yeah there has been a massive decline in tourism from mainland China. Meanwhile, as we have discussed in other videos, the US Dollar is quite strong against the Baht which would lead one to believe that at least American tourists will kind of be on an upswing hopefully going into this next high season. Now that said, American tourism never made up a huge part of the overall market with respect to the Thai tourism sector especially sort of the post-war Thai tourism sector.

But the long story short is yeah I don't think it can be denied that obviously if China has a major slowdown economically, I don't think it can be denied that yeah it would impact Thailand; it would have a it would have a tremendous impact on Thailand. Now that said, Thailand has some options. They can trade with other people and other nations and India is definitely on the upswing economically. So it kind of remains to be seen how all this will play out and we will certainly keep people updated on this channel as the situation evolves.