16-July-2024
Economy News
 
Analysis-Thai Economy Faces Upheaval Due to Factory Closures and Cheap Chinese Imports
15-Jul-2024

When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million people basked in the limelight and won praise for its industrial vision. What, however, received less attention was an announcement by another big automobile manufacturer - Suzuki Motor - just a few weeks earlier that it will shutter a Thai factory that produced as many as 60,000 cars a year.

News Source:- https://money.usnews.com/investing/news/articles/2024-07-14/analysis-thai-economy-faces-upheaval-due-to-factory-closures-and-cheap-chinese-imports
 
 
 

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