Chen Zhenzhi, chairman of the Thai-Chinese Chamber of Commerce, delivered a speech on Thailand's 2018 Q1 economic report, June 27, 2018. (Photo: Thai CC)

Bangkok (People's Daily) - Thai-Chinese Chamber of Commerce released its Sentiment Index (Thai CCSI) report on Thailand’s 2018 Q1 economy. The study, for the first time ever, was made in conjunction with faculty members from Chulalongkorn University’s economics department in the nation’s capital.

The report found that Thailand’s economy remained stable and was in good shape heading into the Q2. Also, Thailand has benefited from its connectivity with China since this time last year.

Since 2017, Thailand has experienced economic growth and has gained even greater momentum during the first of the year. Domestic consumption spurred growth along with an increase in international export business.  

Most of Thailand’s construction industry players were all in agreement that the economy would show continued growth during for 2018 Q2. Industries such as agriculture, manufacturing, sales, and catering services expressed the same level of optimism.

However, sales industry reps weren’t as confident when asked about export business growth. They predicted second quarter export numbers would drop. Meanwhile, others who were also less optimistic over economic stability revealed Thai baht appreciation against US currency concerns.

Chinese inbound tourism has accounted for Thai import expansion growth in China. The report found that Sino-Thai economic cooperation has strengthen since 2017 Q3. The report clearly revealed that keeping positive relations with China would continue to benefit Thailand.

Most Thai citizens who were surveyed also said they were optimistic about the development of economic relations with China.