ASEAN remains China’s biggest trading partner
ASEAN remained China's largest trade partner, with bilateral trade volume reaching CNY 3.92 trillion ($546.6 billion) in the first seven months, up 10.5% from a year ago, according to the Chinese General Administration of Customs (GAC).
The flags of ASEAN countries and China. Photo courtesy of Vietnam News Agency.
Of the sum, China’s exports to ASEAN stood at CNY 2.36 trillion, up 13.7% year-on-year, the agency said.
China has been ASEAN's largest trading partner for 15 consecutive years, while ASEAN has risen to become China's largest trade partner for four years in a row.
Last year, the two-year trade revenue accounted for 15.4% of China’s international trade value, and the number was 15.8% in the seven months.
Among the 10 ASEAN member countries, Vietnam, Malaysia, and Indonesia were China’s top trade partners, with turnover up 24.1%, 13.7%, and 4.1% respectively in the reviewed period.
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