Thailand is staring at a crisis caused by the rising number of factory closures in recent years, partly attributed to an influx of cheaper Chinese products. This trend is expected to continue this year, raising fears of an irreversible decline in local manufacturing and its consequences for Thai workers.
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According to Kasikorn Research Center (KResearch), the number of factory closures exceeded 100 per month last year for the second consecutive year. This trend is particularly pronounced among small-scale factories operated by small and medium-sized enterprises (SMEs).
Full story: thaipbs.or.th
By Thai PBS World
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