Chinese New Year spendings this year to be the highest in 10 years

[webfact]

Chinese New Year spendings this year to be the highest in 10 years

 

 

BANGKOK: -- Chinese New Year spendings this year by Thais of Chinese descent will exceed 50 billion baht, the highest in 10-year time.

 

According to the survey of the University of Thai Chamber of Commerce, this year’s Chinese New Year will see Thai people spending higher to  celebrate the Golden Rooster New Year with a total spending of 54.9 billion baht expected.

 

Thanawat Polwichai, the director of the university’s  Center for Economic and Business Forecasting, said  a survey carried out to gauge spending by Thais of Chinese descent showed that it will be the highest in 10 years.

 

Compared to the 2016 survey, it represented a 4.5% increase.

 

The rise stemmed from the improved domestic economic situation which has provided local Chinese with increased earnings.

 

On average the survey expects 3,954 baht per person will be spent to buy offerings, 1,990 baht per person for making merit and 3,954 baht per person for ‘Ang Pow’ (cash gifts contained in red envelope).

 

Full story: http://englishnews.thaipbs.or.th/chinese-new-year-spendings-year-highest-10-years/

 

-- © Copyright Thai PBS 2017-01-26

[jaiyen]

Another article thats a waste of space and a load of bulls**t

 

[elgordo38]

5 hours ago, webfact said:

Chinese New Year spendings this year by Thais of Chinese descent will exceed 50 billion baht, the highest in 10-year time.

 

There goes another flying pig past my window. Lipstick and all. 

[rkidlad]

Why not add a few more zeros? I mean it wouldn't make it any less true. 

[Redline]

I told them I planned on spending 6 million baht.  I'll think about it.  I wish I could.