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You are here :News China, ASEAN see closer economic, trade ties
By:Xinhua Net Update:2017-07-11
BEIJING, July 10 (Xinhua) -- The economic and trade ties between China and ASEAN continued to make new achievements mainly due to political trust and the annual China-ASEAN Expo, an official said Monday.
Qian Keming, deputy minister of commerce, said at a press conference that China-ASEAN trade of 452.2 billion U.S. dollars last year made up a higher share in China's total foreign trade volume. " China continues to be the largest trading partner of ASEAN, and ASEAN is China's third largest trade partner, fourth largest export market and second largest source of imports," Qian said. In the first five months this year, trade between the two sides rose 16.2 percent year on year, Qian said. He added that the two sides are important sources of each others foreign investment. By the end of May, combined two-way investment had exceeded 183 billion dollars, with 108 billion dollars being ASEAN investment in China. The results "were mainly attributed to political trust, the sound cooperation mechanism and the positive role played by the China-ASEAN Expo," Qian said. Zhang Xiaoqin, vice governor of Guangxi Zhuang Autonomous Region, said there will be 30 forums and more than 80 trade deals made at the expo. Total exhibition area will reach 122,000 square meters, up more than 10 percent from the previous year, Zhang said. |