Over the past decade, the strategic partnership between China and ASEAN has fueled a remarkable surge in economic and trade cooperation. In 2023 alone, bilateral trade reached an impressive $911.7 billion, highlighting the deepening ties between the two regions.
China has maintained its position as ASEAN's largest trading partner for the past 15 years, underscoring its significant role in the region's economic landscape. Meanwhile, ASEAN has emerged as China's top partner for four consecutive years, reflecting the growing importance of Southeast Asian markets to the Chinese economy.
This robust trade relationship has not only boosted businesses on both sides but also contributed to the overall economic stability and growth of the member countries. As China and ASEAN continue to collaborate, the future looks promising for even greater economic integration and prosperity.
Reference(s):
cgtn.com
