Thai businesses should prepare for high global liquidity, says Thaksin | Bangkok Post: news

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Thaksin talks with investors in China

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Former prime minister Thaksin Shinawatra has praised Chinese businessmen for their ability to thrive in a capitalist economy and suggested that Thai businesses prepare for a surge in global liquidity, in a post on his Facebook page on Friday. 

Thaksin suggested that Thai businesses should buy assets overseas. (Photo from Thaksin Shinawatra facebook page)

Thaksin's post said that he was in China having discussions with bankers and large investors. It said he was impressed with how quickly they adjusted to capitalism, citing the fact that the businessmen were planning a strategy to use excess liquidity in China to buy assets and businesses in low-risk countries, especially in Europe and the USA.

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