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Ping-pong diplomacy: Australian table tennis players return to China, five decades after historic tour

Thailand China Business News

Original members of Australia’s 1971 table tennis team return to Beijing, celebrating 50 years of cultural and diplomatic ties.


Celebrating 50 Years of Diplomacy

Two original members of Australia’s 1971 ping-pong diplomacy team return to Beijing to commemorate half a century of diplomatic relations. Their historic visit significantly fostered cultural and diplomatic ties between Australia and China, demonstrating how sports can bridge divides.

The Legacy of Ping-Pong Diplomacy

The 1971 tour, filled with memorable matches and large crowds, was pivotal in establishing deeper ties. With a spirit of friendship over competition, the team’s visit symbolizes the importance of sports in international diplomacy, highlighting how it can influence relationships between nations.

Source link : Ping-pong diplomacy: Australian table tennis players return to China, five decades after historic tour by The Conversation

ASEAN+3 Financial Stability Report 2024

ASEAN+3 Financial Stability Report 2024

The ASEAN+3 Financial Stability Report 2023 examines the financial health and risks within the region amidst global uncertainties and economic challenges following the pandemic. It highlights ongoing recovery efforts and their implications for financial stability.

This report specifically targets the economic stability of ASEAN member countries alongside China, Japan, and South Korea. It provides valuable insights into the interconnectedness of these economies and the collective challenges they face.

Through this comprehensive analysis, the report serves as a critical resource for policymakers and stakeholders, aiming to enhance regional resilience against future economic shocks and ensure sustainable growth.

Source link : ASEAN+3 Financial Stability Report 2024

Overcoming Thailand’s Economic Challenges for Sustainable Development

Overcoming Thailand’s Economic Challenges for Sustainable Development

As Thailand navigates its way through the hardships of 2024, the country’s economy confronts substantial long-term challenges. These issues stem from a combination of global economic conditions and domestic policies that need reevaluating.

The government is urged to implement effective strategies that focus on sustainable development to foster economic resilience. Prioritizing investment in innovation and infrastructure can aid in enhancing productivity and competitiveness.

Additionally, addressing social inequalities and promoting inclusive growth are essential for a balanced recovery. By leveraging these strategies, Thailand can work toward a more sustainable and equitable economic future amidst ongoing difficulties.

Source link : Overcoming Thailand’s Economic Challenges for Sustainable Development

China Demonstrates Expertise in Influencing Global AI Governance

China Demonstrates Expertise in Influencing Global AI Governance

Australian Prime Minister Albanese visits China November 4-7 to discuss trade issues, especially wine exports, and improve bilateral relations.


Prime Minister’s Visit to China

Australian Prime Minister Anthony Albanese is set to visit China from November 4 to 7 to discuss improving bilateral relations and resolving trade disputes, particularly around wine exports. The thawing of China-Australia relations has gained momentum following the recent release of journalist Cheng Lei and progress on wine import restrictions.

Addressing Trade and Economic Ties

Albanese will engage with Chinese leaders, including President Xi Jinping, and attend the China International Import Expo. His visit aims to stabilize relations, representing a critical moment for economic collaboration, given that China accounts for nearly a third of Australia’s total trade. This visit marks the first by an Australian Prime Minister since 2016.

Source link : China Demonstrates Expertise in Influencing Global AI Governance by China Watch

Thailand Readies for Influx of Korean Visitors

Thailand Readies for Influx of Korean Visitors

Thailand expects over 2 million South Korean tourists in 2023, especially during Chuseok, by competing with Japan and Vietnam through targeted promotions and quality hospitality.


Key Points

  • Thailand expects over 2 million South Korean tourists in 2023, particularly during the Chuseok holiday, amidst competition from Japan and Vietnam.

  • By August 25, 1.22 million South Koreans had visited Thailand, with weekend arrivals reaching 6,000 to 7,000. Chuwit Sirivejkul from the TAT estimates 23,000 tourists between September 14-17, spending 40,000 to 50,000 baht each.

  • As flights fully resume, TAT plans to promote tourism in South Korea to attract younger generations and replace weaker markets like Japan and China.

Thailand is preparing for a significant increase in South Korean tourist arrivals in 2023, specifically aiming to attract over 2 million visitors during the six-day Chuseok holiday, which is a key travel period for South Koreans. To successfully capture this market segment, Thailand is strategically positioning itself against competitive destinations like Japan and Vietnam through targeted marketing campaigns and a commitment to providing high-quality hospitality.

As of August 25, approximately 1.22 million South Korean tourists had already visited Thailand, with weekend arrival rates peaking between 6,000 and 7,000. The Tourism Authority of Thailand (TAT), represented by Chuwit Sirivejkul, has high expectations for the Chuseok period, forecasting that at least 23,000 tourists will arrive between September 14-17. These visitors are anticipated to spend between 40,000 to 50,000 baht each, showcasing the economic potential of this influx despite the holiday typically being a busy period domestically.

The resumption of full flight operations has further bolstered these optimistic projections, with expectations to surpass the 1.66 million South Korean visitors recorded in the previous year. The TAT intends to actively promote Thai tourism in South Korea, aiming to compensate for declines in tourists from traditionally reliable markets like Japan and China. In particular, there is a concerted effort to engage with younger generations to foster interest in future travel to Thailand, ensuring sustained tourism growth beyond the immediate Chuseok holiday.

In summary, Thailand’s proactive approach in attracting South Korean tourists during the Chuseok holiday reflects its commitment to rejuvenating its tourism sector while navigating competitive landscapes from neighboring countries.

Source link : Thailand Readies for Influx of Korean Visitors

BOT Governor Calls for Enhanced Economic Growth Standards

BOT Governor Calls for Enhanced Economic Growth Standards

At a recent seminar, Bank of Thailand (BOT) governor Sethaput highlighted the urgent need for Thailand to adopt new growth models. He underscored the importance of focusing on household income and localism rather than solely relying on GDP and foreign investment.

Sethaput expressed concern about stagnating living standards, urging policymakers to prioritize sustainable economic strategies. He believes that enhancing local economies will lead to more equitable growth and improve the quality of life for citizens.

The governor’s call for change reflects a broader acknowledgment of the limitations of traditional growth metrics and underscores the necessity for a more inclusive approach to economic development.

Source link : BOT Governor Calls for Enhanced Economic Growth Standards

Geopolitical chess game: Why India has no interest in serving as a western pawn

Thailand China Business News

The recent Belt and Road Forum showcased reduced global attendance, emphasizing geopolitical tensions, especially highlighting Russia’s subordinate role to China.


Decreased Attendance at Belt and Road Forum

The recent Belt and Road Forum in Beijing showcased a notable drop in attendance from global leaders, signaling rising geopolitical tensions. Vladimir Putin emphasized cooperation with China, yet trade figures suggest a subordinate position for Russia, primarily exporting raw materials to its partner.

Unequal Dynamics in Sino-Russian Relations

The ongoing discussions around energy pipelines, primarily favoring China, further illustrate the imbalance in the Russia-China partnership. While Beijing offers political support, it strategically avoids overt support that could endanger its global standing. This dynamic highlights Russia’s current role as a junior partner within this relationship, raising concerns over its future autonomy.

Source link : Geopolitical chess game: Why India has no interest in serving as a western pawn by The Conversation

SEC conducts public hearing on changes to the Information Technology System Establishment Rules

SEC conducts public hearing on changes to the Information Technology System Establishment Rules

The Securities and Exchange Commission (SEC) is actively seeking public input on proposed amendments to the Information Technology (IT) Regulations and Guidelines. This initiative aims to enhance the regulatory framework governing IT systems within the industry.

Stakeholders are encouraged to share their perspectives on these changes, which may significantly impact the establishment and management of IT systems in the financial sector. Public feedback is crucial for ensuring that the regulations address current trends and challenges effectively.

For more detailed information, refer to the original article published here: SEC conducts public hearing on changes to the Information Technology System Establishment Rules.

Source link : SEC conducts public hearing on changes to the Information Technology System Establishment Rules