Chinese from the middle class upward are sending some of their money – and even themselves – to Thailand, particularly as China has been reopening following three difficult years under zero-Covid. Many are hoping to hedge against economic pressures at home, while building their future in an inexpensive Southeast Asian country with growth prospects.
The Southeast Asian country saw a surge in popularity among Chinese investors as zero-Covid began relaxing in late 2022 and they were again able to easily travel abroad to invest.
Real estate technology firm Juwai IQI says Thailand in December rose to become the No 3 global destination for Chinese property buyers, coinciding with Beijing’s relaxation of zero-Covid controls.
The firm logged a 107 per cent jump in Thailand-related enquiries from Chinese buyers between the third and fourth quarters last year.
After zero-Covid, Chinese investors wanted to ensure right away that they had a place to live outside China, explained Juwai IQI CEO Kashif Ansari.
Read more here: South China Morning Post
This article was also quoted in: info.51.ca (CN), Yahoo! News (CN)
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