The growth of Thai exports to China is expected to ease from 33.2% in 2010 to 10-15% this year as measures taken by Beijing to cool the economy and slow inflation take hold, says Kasikorn Research Center.
China last year became Thailand's top export destination, replacing the United States, as it imported 11% of all Thai exports. The value of Thai exports to China rose to a record-breaking US$2.09 billion in December 2010, while the figure for the whole year rose to $21.5 billion, up 33.2% compared with the 28.1% growth of all Thai exports and 21.2% growth to the US.
The Chinese economy grew by an estimated 10.3% in 2010 and expansion by its various industries increased demand for Thai exports such as chemical products, plastic resins, rubber products, machinery and parts.
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