Thai-Chinese Chamber urges Local Content as trade deficit surges

Khaosod•Economy•12d ago

Reader Briefing

The Thai-Chinese Chamber of Commerce reports a surge in trade deficit with China and suggests policy interventions to support the Thai economy.

•Thai-Chinese Chamber of Commerce survey shows 46.2% of respondents expect Thai economic growth of 1.5-2% in 2026.
•Thailand's trade deficit with China reached 55,130 million US dollars during the first 7 months of 2026.
•The Thai-Chinese Chamber of Commerce recommends the government implement Local Content policies for EV and electronics industries.

•A survey of 503 executives and business people by the Thai-Chinese Chamber of Commerce indicates Thai economic growth for the year 2026 is likely to be 1.5-2%.
•During January to July 2026, Thailand's imports from China increased by 38.49%, particularly in electrical machinery and components.
•Thailand's trade deficit with China rose by 59.31% to reach 55,130 million US dollars in the first 7 months of 2026.
•The Thai-Chinese Chamber of Commerce suggests the government push for Local Content policies regarding Chinese capital in the EV and electronics industries to create domestic value.
•63.6% of entrepreneurs believe the Thai Tiao Thai Plus measure is necessary to a moderate or high degree to support the short-term economy.
•Foreign tourist arrivals are trending lower than the target of 35 million people.
•The Thai-Chinese Chamber of Commerce proposes developing AI, the digital economy, and upgrading new industries and investments over the next 3 years.

Full article content is available on the original source.

Thai-Chinese Chamber of Commerce(หอการค้าไทย-จีน)

An organization that conducted a confidence index survey of 503 executives and business people.

Narongsak Putthaprommongkol(ณรงค์ศักดิ์ พุทธพรมงคล)

Chairman of the Thai-Chinese Chamber of Commerce.

Thailand(ไทย)ℹ️

The country experiencing a trade deficit with China and facing economic growth concerns.

China(จีน)ℹ️

The country with which Thailand has a surging trade deficit.

Thai Tiao Thai Plus(ไทยเที่ยวไทยพลัส)

A measure viewed by 63.6% of entrepreneurs as necessary to support the short-term economy.