Central bank head decries influx of Chinese goods

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The influx of Chinese goods has significantly affected Thailand's manufacturing growth and constrained loan expansion in the banking sector, says the Bank of Thailand's chief.

In the third quarter of 2024, new auto loan growth contracted by 7.6% year-on-year, while used car loans plunged by 14.6%.

Key factors contributing to this uncertainty include changes in US policies under the new administration, such as tariff policies that are likely to impact global trade and supply chains," said Mr Sethaput.

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Article Details

Category: EconomyBusiness

Markets: ThailandIndonesiaMalaysiaPhilippinesVietnam

Topics: Thailand Policies Central Consumption Economic 2020 Chinese Domestic Growth Manufacturing Sethaput

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 04:45:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24110934

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