Why Isn'T There Backlash To China In Thailand?

[Chunky1]

China's unwillingness to allow their currency to strengthen hurts every country on the planet besides China. The Thai Baht is creeping below 30 which makes it one of the strongest emerging market currencies with large capital inflows and makes Thailand's export products more expensive and thus less desirable. Thailand was recently forced to raise interest rates to combat inflation. The Thai economy is through the roof and Thailand more than likely already has an asset bubble in the Bangkok Condominium market. Yet, I have not heard a peep from the Thais towards the Chinese.

Edited October 8, 2010 by Chunky1

[geriatrickid]

[highchol]

better off in the finance / commerce area

my own view

the west have puusy footted around too long on this isusue,west playing cricket whilst chinese play rugby...recipie for what ...wot do u say?

[cardholder]

Not sure what your point is but I suspect that the Thais know their place in the world order.

I would suggest that is some paces behind the Chinese, on whom they are dependent for most successful business in Thailand.

[Jingthing]

If the US is too weak to start a trade war with China (at least yet, it's probably coming later) what is Thailand supposed to do?

[angiud]

better off in the finance / commerce area

my own view

the west have puusy footted around too long on this isusue,west playing cricket whilst chinese play rugby...recipie for what ...wot do u say?

Are you BigC?

[bangkockney]

Thailand can't be the David against this Goliath.

[highchol]

better off in the finance / commerce area

my own view

the west have puusy footted around too long on this isusue,west playing cricket whilst chinese play rugby...recipie for what ...wot do u say?

Are you BigC?

no free tibet

[scotinsiam]

The Baht is on a hiding to nothing - The country is export driven and will buckle big time.

[-jr-]

From CIA The World Factbook:

Exports - partners:

US 10.94%, China 10.58%, Japan 10.32%, Hong Kong 6.22%, Australia 5.62%, Malaysia 5.03%, Singapore 4.97% (2009)

[Naam]

China's unwillingness to allow their currency to strengthen hurts every country on the planet besides China.

that is without any doubt correct. but correct is also "if China lets its currency strengthen it will hurt no country on the planet but China."

Wen Jiabao's reasoning to refuse strenthening is on solid footing. due to extremely fierce competition amongst chinese manufacturers the profit margins of many companies are tiny 2-3%. an uncontrolled sudden CNY appreciation of just 5% would cause a lot of bankruptcies, job losses and most probably some social unrest.

result: the dogs on both sides of the Atlantic and some dogs in Asia are fiercely barking, but... the chinese caravan moves undeterred on and leaves soothing words and a few morsels once in a while for the dogs.

[carmine]

China's unwillingness to allow their currency to strengthen hurts every country on the planet besides China.

that is without any doubt correct. but correct is also "if China lets its currency strengthen it will hurt no country on the planet but China."

Wen Jiabao's reasoning to refuse strenthening is on solid footing. due to extremely fierce competition amongst chinese manufacturers the profit margins of many companies are tiny 2-3%. an uncontrolled sudden CNY appreciation of just 5% would cause a lot of bankruptcies, job losses and most probably some social unrest.

result: the dogs on both sides of the Atlantic and some dogs in Asia are fiercely barking, but... the chinese caravan moves undeterred on and leaves soothing words and a few morsels once in a while for the dogs.

If the dogs bark too loud the chinese will eat them.

[Naam]

If the dogs bark too loud the chinese will eat them.

BINGO!

[Chunky1]

i like the dhgate.com google ad displayed in this topic - wholesaling Chinese sandals for $45/pair.

[joncl]

What does the strength of THB against the USD have to do with the CNY to the average Joe here? Nothing, merely media hype.