Potential of Chinese Market
Chinese in China
Large Population and Rising Economy
The latest censuses reports show he country to have over 1.4 billion citizensor as many as 20 times of Thai citizens.
Rapidly Growing Middle class
Accounting for 58% in 2017 and increasing an additional 31% by 2022 making for the average household earnings at $9,000 – $34,000 annually according to McKinsey & Company’s journal
Radically Different Social Media Platforms
Applications play a part in their life. They are completely different from other platforms widely used in Thailand, Hong Kong, and Taiwan. The popular and much more powerful apps in China are Douyin, Redbook, and so on.
Chinese Travelling to Thailand
The Largest Group of Holidaymakers
Spending annually over 520 billion THB more than double of any other nation according to the Association of Thai Travel Agents (ATTA).
They spend 53% more than the average European and it is expected to increase due to these factors:
Higher Income – More Overseas Experience
– Accessibility to Online Travel Information.
Increasing Number of FITs
Free Independent travelers are growing by double digits each year similarly to the Chinese economy due to being more adventurous, and technology liberated.
Chinese Living in Thailand
Second-largest Foreign Community
Recent research from CBRE Thailand shows the expat population has doubled over the past five years, making it the second-largest foreign community after the Japanese.
Recommend Friends or Relatives in Mainland China
A positive experience will result in return business and personal referrals offline & online resulting n more exposure for your business locally and in China.
Large Population Means Big Opportunity
An increasing number of Chinese re relocating to Thailand for work or regular business trips for short and long term. This makes a good opportunity for business to establish a long term relationship with the potential customer.