Continuous heavy rains since July, so that Thailand experienced the largest floods in half a century. Not only in agriculture, industrial area flooded more than Thailand, the Thai economy suffered heavy losses. However, some key manufacturing emergency transfer to the industry's global supply chain is expected to smooth out the disaster.

    Bank of Thailand October 19, the upcoming monetary policy meeting. Currently, the market is expected to Thailand is likely to cut its forecast for economic growth this year to 4.1%. Prior to the Bank of Thailand estimates that the floods caused losses of up to 120 billion baht nationwide (about 24.9 billion yuan). More economists estimate that the direct economic losses of 150 billion baht (about 31.1 billion yuan).

    Nomura Securities, in its October 18 release of the Asia Economic Monitor report predicted: 19-day monetary policy meeting, the Thai central bank will keep interest rates unchanged, because the impact of severe floods in Thailand may have economic growth and inflation outlook negative impact.

    However, Thailand is not Japan, not in the global manufacturing chain and Japan after the earthquake caused a similar uproar. China Institute of Contemporary International Relations Institute of World Economy Fengying in the interview with this reporter, said: "The Japanese earthquake of March on the global supply chain, at least six months produced a serious impact, but the Thai Industrial Park, the loss caused by floods, soon by the Myanmar, Laos and other places of manufacturing make up. "

    Electronics and automotive parts hit

    Bangkok, Thailand, lucky escape on the 15th night of floods. However, due to the Chao Phraya River to the highest level there three years, 16 to 18 period, peak, high tide and heavy rain may occur simultaneously, accounting for 41% of Bangkok, the Thai economy will face a new round of challenges.

    As Thailand has become Asia and the world of electronic and automotive parts, camera parts and a major supplier of computer components, one of its related industries Industrial Park continued to attack and lay-off was flooding the news, constantly testing the market patience.

    Currently, a large number of factories north of Bangkok, has been flooded, the traditional industrial base in Thailand - Ayutthaya five industrial parks all flooded, affected nearly 200 factories closed due to industrial areas which Bangba 84 foreign factory workers have been moved to go. And 17 pm, Thailand's largest industrial park - Nava Nakhon Industrial Park, a total of 190 large factories also flooded. From the Thai Ministry sources said at least 930 plants nationwide hit.

    Automotive industry the most serious damage. Honda is located north of Bangkok, a few plants within the water plant to reduce its global production capacity of 4.7%, Honda was forced to stop production to present this weekend. Toyota, Isuzu, Nissan and Mitsubishi Corporation will also extend the cut-off date to this weekend. Some analysts pointed out last week alone, loss of auto parts supplier at least 30 billion baht (about 620 million yuan) above.

    At the same time, the camera components and computer hard disk manufacturing industry suffered losses vary. According to foreign media reports, the U.S. hard drive manufacturer WesternDigital and industrial areas located in Rojana chip maker Microsemi ONSemiconductor and how many are suspended or delayed the progress of its production in Thailand.

    Less impact on global supply Japan

    However, Thailand did not flood the global industrial chain, and Japan after the earthquake caused a similar uproar.

    "While the automotive and electronic components industries, Thailand occupies an important industrial chain links, but the affected areas to undertake labor-intensive manufacturing plant is part of a strong substitutability." Fengying said, "This is the global auto electronic components and R & D, investment and create divergence in the Japanese completely different. "