ECONOMY
Large outlays seen for Chinese New Year
- Published: 6 Feb 2013 at 00.00
- Newspaper section: Business
Consumer spending for the Chinese New Year holiday is expected to reach its highest level since 2006, driven by higher wages, recovering tourism and a better overall economy.
A vendor prepares cooked poultry for sale in Yaowarat, Bangkok. Meat and fruit are offered to gods to celebrate the Chinese New Year, which begins on Sunday. THANARAK KHOONTON
According to a survey by the University of the Thai Chamber of Commerce (UTCC), spending over the Chinese New Year period should surge by 12.3% to 45 billion baht.
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