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Thai Executives Don't Expect Severe Impact As Beijing Puts Brake on Economy.

Bangkok Post (Bangkok, Thailand)

| May 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

May 3--China's plan to cool down its overheating economy, which has rocked global commodity markets, is not likely to have a severe impact on Thailand's industrial sector, according to executives from some major industrial companies.

Last week, Beijing implemented a series of measures which included limiting banks from lending to potentially over-invested sectors, particularly construction and property. It also slowed imports of building materials and some petrochemical and metal products. The plan rattled stock markets around the world with commodity stocks especially taking a beating.

Chumpol NaLamlieng, president of the Siam Cement Group, Thailand's largest industrial conglomerate, expressed concern that China's measures would adversely ...

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