Hanoi (VNA) – Trade between China and the Associationof Southeast Asian Nations (ASEAN) has skyrocketed by 85 times since the twosides established their dialogue relations 30 years ago.
Ren Hongbin, Chinese assistant minister of commerce wasquoted by Xinhua News Agency as saying at a press conference on July 29 that Chinahas remained ASEAN's largest trading partner for 12 consecutive years. Lastyear, ASEAN also became China's largest trading partner.
In the first half of this year, bilateral trade continued robust expansion, registering a 38.2 percentyear-on-year growth, he noted.
On the investment front, ASEAN has become one of China'smajor outbound investment destinations and sources of foreign directinvestment, with cooperation booming in sectors such as manufacturing,agriculture, infrastructure, high-tech, the digital economy, and the greeneconomy.
Mutual investment between China and ASEAN exceeded 310billion USD as of June 2021, while the business revenue of Chinese enterprisesfrom project contracts in ASEAN countries reached 350 billion USD.
Looking ahead, Ren said China would actively promoteeconomic and trade ties with ASEAN by enhancing cooperation against theCOVID-19 pandemic and jointly pushing forward the implementation of theRegional Comprehensive Economic Partnership (RCEP) agreement.
The 18th China-ASEAN Expo and China-ASEAN Business andInvestment Summit will be held from September 10 to 13 in Nanning, the capitalof south China's Guangxi Zhuang Autonomous Region.
With an exhibition area of 124,000 square meters, the expothis year will set up a special area for RCEP members and invite morecountries and enterprises to take part, according to Liu Hongwu, Vice Governor of Guangxi Liu Hongwu./.
Ren Hongbin, Chinese assistant minister of commerce wasquoted by Xinhua News Agency as saying at a press conference on July 29 that Chinahas remained ASEAN's largest trading partner for 12 consecutive years. Lastyear, ASEAN also became China's largest trading partner.
In the first half of this year, bilateral trade continued robust expansion, registering a 38.2 percentyear-on-year growth, he noted.
On the investment front, ASEAN has become one of China'smajor outbound investment destinations and sources of foreign directinvestment, with cooperation booming in sectors such as manufacturing,agriculture, infrastructure, high-tech, the digital economy, and the greeneconomy.
Mutual investment between China and ASEAN exceeded 310billion USD as of June 2021, while the business revenue of Chinese enterprisesfrom project contracts in ASEAN countries reached 350 billion USD.
Looking ahead, Ren said China would actively promoteeconomic and trade ties with ASEAN by enhancing cooperation against theCOVID-19 pandemic and jointly pushing forward the implementation of theRegional Comprehensive Economic Partnership (RCEP) agreement.
The 18th China-ASEAN Expo and China-ASEAN Business andInvestment Summit will be held from September 10 to 13 in Nanning, the capitalof south China's Guangxi Zhuang Autonomous Region.
With an exhibition area of 124,000 square meters, the expothis year will set up a special area for RCEP members and invite morecountries and enterprises to take part, according to Liu Hongwu, Vice Governor of Guangxi Liu Hongwu./.
VNA
