BANGKOK -- Leading industrial estate developers in Thailand are expanding sales to Chinese manufacturers as more companies relocate production from China to the Southeast Asian nation to avoid U.S. tariffs.
The moves by Chinese companies appear to validate the prediction that Thailand will be a major beneficiary in the region from the U.S.-China trade war. The production shift from China to Thailand will lift the country's output by $1.9 billion, equivalent to 0.4% of its gross domestic product, predicts a June 4 report by Mizuho Research Institute, a Tokyo-based think tank.
