China and Thailand maintain strong trade ties, with 2023 bilateral trade reaching $126.3 billion. China is Thailand’s largest trading partner and foreign investor, especially in electric vehicles and manufacturing.
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China and Thailand maintain strong trade ties, with 2023 bilateral trade reaching $126.3 billion. China is Thailand’s largest trading partner and foreign investor, especially in electric vehicles and manufacturing.
Key Points
China is Thailand’s largest trading partner, with bilateral trade reaching $126.3 billion in 2023. China primarily exports capital and intermediate goods, while Thailand’s exports, mainly agricultural products, heavily rely on China, accounting for over 40% of its exports.
Chinese investments in Thailand are significant, with approximately 1,000 Chinese enterprises and about $7 billion invested in various sectors, particularly electric vehicles and digital economy initiatives. Both countries have a strategic cooperation partnership, enhancing economic collaboration.
The 2024 visa waiver for Chinese tourists aims to rejuvenate Thailand’s tourism, which…