GC organized online seminar on "China's Economy 2025: Can it fight Trump 2.0?"
Jan Thu 2025
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January 30, 2025, PTT Global Chemical Public Company Limited (GC) held the online seminar in "China's Economy 2025: Can it fight Trump 2.0?" to educate and strengthen understanding for customers and partners that are Plastic resin manufacturers in Thailand. This session provides information about the situation in the era of President Donald Trump's policy 2.0, which aims to open up new perspectives through data analysis, economic trends, and economic trends. China's trade changes and strategies on the world stage that is currently a trend of producers being alert to adapt and prepare for this situation. Therefore, this seminar receive a lot of attention from customers and business partners in all industries.
This seminar was honored by expert speakers, namely: Assoc. Prof. Dr. Aksornsri Phanishsarn , Lecturer at the Faculty of Economics, Thammasat University
The speaker gave the information about China's response to U.S. challenges more comprehensively as follows:
• Strategy: Launch of DeepSeek AI from China that is High-Performance and Low-Cost so it can be OpenAI's competitor
• China continues to diversify its export markets to the Global South.
Global South is ASEAN + South Asia +MENA (Middle East/North Africa) + Africa+ South America + Central Asia + Russia
*ASEAN has become China's No. 1 trading partner.
• China aims to strengthen its internal economic structure by building domestic consumption power and reducing dependence on foreign sectors. China reduced its dependence on the U.S. market to 14.8% of China's total exports (from over 20%).
Thus, plastic resin manufacturers in Thailand have to adapt to China and the United States in terms of exports is to reduce their excessive dependence on "foreign sectors" in terms of exports, which Thailand currently relies on exports to the US and China, and adopt the strategy of restructuring exports, upgrading products quality and focusing on the upper market to increase the value of products such as recycled plastic resins and bioplastic resins, etc.