In a remarkable achievement, China's trade with Asia-Pacific Economic Cooperation (APEC) economies has skyrocketed to a historic high, exceeding 21 trillion yuan ($2.91 trillion) in the first 10 months of 2024. This milestone underscores China's pivotal role in the global economy and its deepening ties with APEC members.
Eight of China's top 10 trading partners are APEC members, highlighting the region's integral part in China's expansive trade network. Furthermore, China stands as the largest trading partner for 13 APEC economies, reflecting its significant influence and the mutual benefits derived from these economic relationships.
The past decade has been a period of rapid economic development for China, which has not only transformed the nation but also delivered tangible opportunities and benefits to APEC economies. Between 2014 and 2023, China's trade with APEC members accumulated to a staggering $30.62 trillion, a testament to the enduring and growing economic synergy.
As China's economy continues to evolve, stakeholders eagerly anticipate further growth and enhanced collaboration within the APEC framework. Data-driven insights reveal how these trade dynamics have shifted over the past decade, offering a glimpse into the future of global commerce.
Reference(s):
cgtn.com
