Chapter 901: For a variety of reasons (request for a ticket)

The country is the same as the company. When the product structure is single and a trade deficit is formed, there will be a fiscal deficit, and then continue to need capital investment to make up for the deficit deficit of the project.
This method cannot be said to be wrong, but there should be two preconditions. One is to ensure the continuous inflow of foreign capital, that is, the continuous investment of foreign capital is required, and the other is that after the inflow of foreign capital, the export capacity of the country should be improved, thereby reducing the future. Project deficit.
It is a pity that the government of Thailand has only achieved the first point. There are continuous foreign capital inflows from the island countries, but the export capacity of the country is getting lower and lower.
For example, the main products exported by Thailand are electronic products. Many electronic components imported from China are purchased from Southeast Asian countries such as Thailand.
Since last year, the global demand for electronic products has fallen sharply. It is not only the export of China's electronic products that can not be driven by the growth of China's electronic products. As a result, Thailand's export growth rate has dropped to 3%, and the trade deficit has been reduced. It is as high as 8.3%.
In other words, don't look at Thailand's exports seem to be prosperous, in fact, still lose money.
Most of Thailand's major export electronics factories are also invested and built by island countries. Because Thailand's land prices are low, labor is abundant, wages and consumption levels are low, and it seems that Thailand has become a world-class electronic component manufacturing. A big country is actually a foundry of an electronics company such as an island country.
Even with so many investments, many projects in Thailand are still in deficits for years. It seems that GDP has grown madly. In fact, it has not earned much money. The big heads have been earned by foreign investors, with the island being the most.
What Sony, His Majesty, and even AIWA and Sixth Sense have factories in Thailand. Not only is the cost of building a factory low, the operating costs are low, but there are also various foreign preferential policies.
With more factories, the demand for workers is large, and the wages of workers will naturally grow. The wages of workers in Thailand have risen more than tenfold in ten years. Workers’ wages are high, and labor-intensive industries have lost their international competitiveness.
Originally, Thailand’s main exports of shoes, clothes and other products have been reduced, and those factories have closed down.
These data and materials were collected by Feng Yu, which also made Feng Yu profoundly understand why the financial crisis in Thailand will erupt so quickly.
Looking at Thailand's fiscal deficit, the per capita debt is more than $1,500, but the Thai people are still very lively. European luxury perfumes, famous wines, famous cars, watches and other luxury goods are being imported in large quantities. People seem to have money, and they are not seeking a kind of enjoyment.
From Thailand, the world's third-largest Mercedes-Benz importer, you can see what the Thais are proud of at this time. Fu Guangzheng wanted to help sell Songjiang cars to Thailand, but the Thai dealers simply couldn't see them. Only imported luxury cars were sold in Thailand. The mid-to-low-end car market has been completely occupied by the island cars.
Thai people are still very satisfied with their lives. They think that their country is developing very well and even despise China, because their per capita income far exceeds that of China.
One is to enjoy money, the other is to invest in the stock market. Everyone is very enthusiastic about the stock market. Whether it is teachers, workers or drivers, or even full-time women at home, they are starting to trade stocks. Because the stock market is rising all the way, they think that fools can make money.
Bank deposits are getting less and less. Everyone has taken out the money and invested in the stock market. More crazy, from bank loans to the stock market, they believe that the money earned from the stock market, interest, but also earn a lot.
More representative of them are securities companies and financial companies. They can lend a large sum of money from banks and even manipulate the stock prices of some stocks to some extent to make money.
With more and more loans, fewer and fewer deposits, banks can only raise interest rates on loans, but this does not stop people from lending. The annual interest rate is as high as 17%. It doesn't matter, I borrowed it!
Take the real estate speculation, stocks, and earn back in a few months! This is an investment, it is clearly speculation!
The interest on loans is too high. Some companies that do industrialization cannot afford interest. The conventional industry is severely constrained, resulting in fewer and fewer types of export products in Thailand.
In a normal country, if you have money, should you invest in some basic things, such as... education. But Thailand, their money is an illusion, a fiscal deficit, where is the money to invest in education?
It can be said that the level of education and technology in Thailand is far worse than that of other countries in Asia. Currently ranked, Asia is the last.
Without science and technology and without engineers, heavy industry and high-tech industries cannot develop. There is no strong country. Heavy industry and high-tech industries are backward. Therefore, Thailand’s surface is prosperous, but it is not a strong country.
To put it simply, Thailand is not in the sky, not in the ground, the high-tech industry is not going up, the traditional industry has lost its competitiveness, the trade deficit is inevitable, and the fiscal deficit is getting bigger and bigger.
These questions, can't you see the government in Thailand?
Of course it is impossible, they saw it, but there is no particularly good solution. The trade deficit is getting bigger and bigger, and the Thai baht itself is under pressure to depreciate. Once the Thai baht depreciates, Thailand will lose more.
No way, the Thai government can only secretly intervene and must ensure the stability of the foreign exchange market. When a government has to intervene in the foreign exchange market, it is enough to explain the country's financial market, serious problems, the economy, and serious problems!
This has also been noticed by Soros. They have not yet fully tried to take action. The Thai government has already had to intervene. After they have tried their best, can the Thai government still have resistance?
The Bank of Thailand can't get the money at all, and there are too many bad debts and bad debts.
A large part of these bad debts is the emergence of bank managers who have relaxed their relatives and friends. These managers also believe that borrowing money from banks to go to stocks and go to real estate speculation will definitely make money.
Others are so profitable, and of course, they cannot be treated badly. It doesn't matter if there is not enough mortgage. Can you still lose money?
There are three people in the family, and each person has to provide two sets of buildings. It doesn't matter if you can't live so much. Anyway, this house is not used for living. It is used for speculation. After waiting for a year or two, if you sell it up and sell it, you will earn more than one house.
It is also very important that the value of the Thai baht has been seriously overvalued. If it is not a fixed exchange rate, the Thai baht has already depreciated.
For various reasons, the financial crisis in Thailand is inevitable. Even if Soros does not intervene, Thailand will have a financial crisis. Only Soros and Feng Yu's entry, the financial crisis broke out earlier, and the outbreak is more intense!
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