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00:00 China's GDP in the fourth quarter of 2016 was 5.2%,
00:06 which was 5.3% lower than expected.
00:09 The GDP was as high as the red market in Asia,
00:12 and even higher than that in Europe.
00:15 Many people are worried that
00:17 China's slow economic growth
00:19 will affect export and tourism in Thailand.
00:24 China's Statistics Agency revealed that the GDP in the last quarter of 2015
00:32 was 5.2% higher than the expected 5.3%
00:39 and 5.2% higher in 2016.
00:43 It was also 5.2% higher than the 3% in 2015.
00:49 China's Statistics Agency also revealed that
00:55 the GDP in the first quarter of 2016 was 7.4% higher than the previous year,
01:00 but below the expected 8% of the expected 100%
01:05 which was 26% higher in the Year of the Rooster,
01:09 26% higher in the Year of the Clothes and Shoes.
01:12 The GDP in the first quarter of 2016 was 6.8% higher than the previous year,
01:19 but above the expected 6.6% of the expected.
01:26 The biggest threat to China's economy is the low-income housing market.
01:33 This affects the investment of the business sector,
01:35 which destroys employment and the consumers are afraid to spend money.
01:40 Mr. Burin Adulwathanah, the director of the Statistics Agency, said that
01:46 China's economy may not expand to 5% as before
01:51 due to the problem of trade and export from China,
01:56 as well as the Asang Harimazab crisis that has affected China's economy.
02:00 The Chinese population has decreased due to the long-term impact on China's economy,
02:07 but the economic potential of China has decreased.
02:10 The decline of the Chinese population will certainly have an impact on the economy,
02:16 but it will be a gradual effect,
02:18 not as severe as the economic war,
02:22 or the economic crisis that has affected more.
02:25 China may not grow to 5% again,
02:30 but may decrease by 3-4%.
02:34 From the overall picture of China's economy,
02:36 the decline of the Chinese population will certainly have an impact on China's economy in the future
02:44 because Thailand relies heavily on China's economy,
02:47 both in terms of export and tourism.
02:49 Therefore, the chances of export to and from China will decrease in the future.
02:56 (speaking in foreign language)