Thailand’s New Government to Deepen Cooperation with China and Implement Economic Stimulus Policies
Published atSep 27, 2025 09:53 am
(Bangkok, 27th) Thailand’s new government has stated its intention to deepen cooperation with China, including in areas such as semiconductor and battery production. At the same time, the government will roll out a series of measures to boost the sluggish economy, including aiming to attract 2 million Chinese tourists within the next four months to generate tourism revenue. On Friday (September 26), Thai Prime Minister Anutin said in his speech at the Thailand-China Cooperation Expo in Bangkok that Thailand will demonstrate itself as not only a strategic economic partner but also a gateway to regional cooperation. He emphasized that China has made significant progress in technology, the digital economy, and clean energy, while Thailand is upgrading its infrastructure and economic structure to meet future growth needs. The two countries’ complementary strengths provide an excellent opportunity for shared prosperity. “We will continue to reduce barriers and regulation to enable businesses from both countries to develop together.” In recent years, Thailand has developed into an important transshipment hub and has attracted large amounts of Chinese investment in areas such as electric vehicles. China is Thailand’s largest source of imports; last year, Thailand imported $80 billion (about RM362.25 billion) worth of goods from China, accounting for 26.3% of its total imports. 泰国首都曼谷9月初新开张的Dusit中央公园购物中心,顶楼设有空中花园,成为国内外游客新的打卡景点。阿努廷政府已定下目标,要在四个月内吸引200万人次中国游客回流。 The Thai Ministry of Tourism also announced on the same day that it will work with relevant agencies to introduce measures to promote tourism, focusing on enhancing tourists’ sense of safety and confidence, with the goal of attracting 2 million Chinese tourists to return within four months. In terms of economic policy, the newly appointed Minister in charge of the budget at the Prime Minister’s Office, Bhaladorn, said that the government will relaunch the “Half-Half” consumer subsidy scheme next month, hoping to bring fresh hope to the economy by accelerating stimulus measures. He said the government plans to use about 60 billion baht (about RM8.4 billion) remaining from this fiscal year’s budget and allocate another 25 billion baht from next year’s fiscal budget to support this program. According to comprehensive Thai media reports, about 33 million Thais are expected to benefit from this subsidy program. The government will provide up to 60% subsidy to eligible persons for the purchase of certain foods and necessities. The government also plans to allocate 35 billion baht to repay debts owed to the Agricultural and Cooperatives Bank, and another 1.5 billion baht as compensation to residents affected by the Thailand-Cambodia border conflict. On Friday, new Minister of Commerce Supachai told the media as she reported to her new post that she will take urgent steps to address exports, baht appreciation, and the rising prices of agricultural products, and promised to achieve significant results within four months. She said that Deputy Prime Minister and Finance Minister Eniti, who leads the government’s economic team, has identified urgent priorities, including “quick wins” and “Quick Big Win” initiatives, to lay a stronger economic foundation. “In the coming four months, the Ministry of Commerce will focus on seasonal agricultural products like rice and coffee, and will also promote international trade negotiations through agreements with target countries and trade delegations.” She also said that the strong baht poses challenges for exporters and that the Ministry of Commerce will ensure effective policy implementation to support exporters. According to earlier initiatives set by Eniti, the “Quick Big Win” aims for significant short-term results while laying a sustainable long-term development foundation. Specific measures include a comprehensive SME liquidity enhancement plan to address Thailand’s structural economic issues, particularly the country’s longstanding household debt. In his speech at the Ministry of Finance on Thursday (25th), Eniti emphasized that the government’s primary goal is to increase revenue-generating capacity and promote economic expansion.
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