Behind Thailand’s Visa-Free Strategy: A Closer Look Role in Facilitating Chinese Capital Flight
Behind Thailand’s audacious plan to attract up to 30 million Chinese tourists and the swift implementation of visa-free access lies a more profound hidden agenda—facilitating the transfer of capital from mainland China. The veneer of tourism and visa-free access masks the real story: Chinese investors are utilizing the financial systems in Hong Kong and Thailand […]
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ADB Revises Cambodia’s 2023 Economic Growth Forecast to 5.3% from 5.5%
The Asian Development Bank (ADB) has adjusted its economic growth forecast for Cambodia, revising it from an initial estimate of 5.5% to 5.3% for 2023. This slight modification comes in light of slower-than-anticipated industrial growth during the first half of the year, with a notable 18.6% YoY decline in exports of clothing, footwear, and goods, […]
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US Shifting Supply Chains: China Expected to Lose 3m Jobs to Vietnam
As the United States and Vietnam strategically realign their supply chains, aiming to reduce reliance on China, the recent shift in manufacturing could have substantial implications for China’s job market. A report by Rabobank in 2022 estimated that up to 28 million Chinese jobs directly depended on exports to the West. Consequently, this “friend-shoring” strategy, […]
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Experts Share Cambodia’s Real Estate Market Recovery Path
Amidst a challenging global economic landscape, the Cambodian real estate market has weathered a prolonged downturn since 2019, leaving industry stakeholders pondering when and how recovery will take place. Key experts have weighed in on the factors influencing this recovery and the direction developers and buyers should steer towards in these uncertain times. Balancing the […]
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China’s Belt & Road Initiative: Some Shifting Challenges Seeing China Not Expanding Investment Abroad
A decade since China first proposed the Belt and Road Initiative (BRI), this ambitious global investment project has significantly expanded both trade and China’s international influence. Ten years in, Beijing undoubtedly wields greater clout on the global stage, but this milestone also comes with notable shifts in new investments. Positive results from the implementation of […]
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Vietnam Emerges as Key Player in US Economic Diversification Strategy
President Joe Biden’s visit to Vietnam marks a pivotal moment in the strengthening of economic bonds between the United States and Hanoi. This strategic move aims to reduce America’s dependence on China and signifies a significant diplomatic shift, according to CNN News on 11 September 2023. The two former adversaries have formally upgraded their diplomatic […]
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Unlocking Success in Cambodia’s Retail Market: CBRE Panel Explores Repositioning, Refilling & Repurposing
CBRE Cambodia hosted a thought-provoking panel discussion on 4 September 2023, aimed at shedding light on the dynamic Cambodian retail market. Real estate experts gathered to delve into the sector’s potential and its current status, providing valuable insights for industry players. Reflecting the Cambodian Retail Market The focal point of this workshop was the expert […]
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New Thai PM Unveils Bold Plan: Thailand to Welcome Chinese 30 Million Visitors
Immediately after taking office, Thailand’s new prime minister unveiled a strategic plan aimed at attracting 30 million international tourists by the end of the year. The launch of the Thai economic recovery plan came on 25 August after he stressed the important role of tourism in the country’s short-term economic recovery, according to channelnewsasia on […]
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Three Catalysts for Potential Growth of Asian Stocks in H2 2023
As the global stock market maintains a “neutral” stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, […]
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Zombification of China Property Crisis: A Case Study of Evergrande’s Bankruptcy
Amidst the labyrinthine landscape of China’s property market, a distressing trend is emerging, encapsulated by the term ‘zombification’. This phenomenon, characterized by stalled construction projects due to insurmountable financial constraints, is casting a pall over the industry. A closer examination reveals the intricate web of challenges facing property developers, with the predicament rippling out to […]
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