Japanese media reports: The Thai government has warned that as a large number of low-cost Chinese products enter the market, Thai small and medium-sized enterprises are facing pressure from "unsustainable price wars."
The head of the Office of the Small and Medium Enterprises Promotion in Thailand stated that local businesses should not rely solely on price cuts to compete, but instead enhance product value-added through innovation, brand building, and differentiated development to strengthen competitiveness.
Facing changes in the global trade environment, Thailand aims to drive the transformation and upgrading of its small and medium-sized enterprises, improve product quality and technological content, and reduce dependence on low-price competition models. Meanwhile, Thailand's economic and trade sectors are also closely monitoring the impacts brought by import growth, industrial recovery, and adjustments in regional supply chains.
Original article: toutiao.com/article/1875566838191180/
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