The Review Analysis of China’s Economic Growth and the Correlations with Thailand’s Economy

Wannakomol Supachart
Additional contact information
Wannakomol Supachart: The School of Economics, Shanghai University, 200444 P.R. China

Business, Management and Economics Research, 2019, vol. 5, issue 6, 86-97

Abstract: This article was aimed to study the environment and the co-movement of China’s economic growth together with Thailand under economic and macro-finance dimensions by collecting information from academic literatures, global organization reports, and historical data from opened source database such as World Bank, United Nations, International Monetary Fund (IMF), and other relatives. The study found that China’s and Thailand’s economic activities are related particularly in term of trade but the low investment. In fact, services industry has replaced industrial manufacture to be the influent factor on gross domestic product (GDP) in both two countries. Moreover, enhancing to promote world- class capital markets and financial system development in China has drawn attraction from Thailand investors to invest more than a half of Thailand’s direct investment funds in financial firms and activities in China in 2017. In the conclusion, Thailand’s economic growth is still relied on China’s demand for raw materials according to goods and products they have exported to China. The suggestion for Thailand is to create their own technology like China’s development model in order to produce valuable goods and services productivity. And for both countries, China and Thailand should also have to focus on income distribution through other areas outside the city under the principal of economic development to improve the welfare of the population.

Keywords: Economy; China; Thailand; Growth. (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.arpgweb.com/pdf-files/bmer5(6)86-97.pdf (application/pdf)
https://www.arpgweb.com/journal/8/archive/06-2019/6/5 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arp:bmerar:2019:p:86-97

Access Statistics for this article

Business, Management and Economics Research is currently edited by Dr. Syed Zulfiqar Ali Shah

More articles in Business, Management and Economics Research from Academic Research Publishing Group Rahim Yar Khan 64200, Punjab, Pakistan.
Bibliographic data for series maintained by Managing Editor ().