Ministry of Commerce: From January to July, China-ASEAN trade volume 544.9 billion US dollars increased by 13.1% year-on-year

Assistant Minister of Commerce Li Fei (Picture Source: Guoxin.com)

Cover news reporter Teng Yan

Li Fei, assistant minister of the Ministry of Commerce, revealed on August 29 that from January to July this year, the amount of trade in China-ASEAN reached 544.9 billion US dollars, an increase of 13.1%year-on-year, and the proportion of China's foreign trade import and export was increased to 15%.

On the same day, the State Council Information Office held a press conference to introduce the relevant situation of China -ASEAN economic and trade cooperation and the East Expo. Li Fei said that since this year, China has carried out various economic and trade cooperation with ASEAN countries, implemented the "Regional Comprehensive Economic Partnership Agreement" with high quality, steadily promoted the construction of the "Belt and Road", continued to promote infrastructure interconnection, and achieved a series of series. Fortunately.

First, bilateral trade continues to grow rapidly. From January to July, China-ASEAN trade volume reached 544.9 billion US dollars, an increase of 13.1%year-on-year. China has maintained ASEAN's largest trading partner for 13 consecutive years, and ASEAN as China's largest trading partner has been further consolidated.

The second is that the investment cooperation between the two parties has achieved remarkable results. As of the end of July this year, the cumulative two -way investment exceeded US $ 340 billion, and China and ASEAN have become the most active partners in mutual investment. China and Singapore have jointly established a new channel for international land and sea trade. A large number of major projects such as China-Malaysia and Malaysia and China-Indonesia-Indonesia-Indonesia "Two countries" have been successfully implemented. China and ASEAN countries have expanded digital economy, e-commerce, and green In terms of development and other fields, the industrial chain and supply chain connection are closer.

Third, the interconnection of infrastructure continues to upgrade. As of the end of July this year, Chinese companies in contracted projects in ASEAN countries have been steadily carried out, with a cumulative turnover of more than $ 380 billion. The China -Lauding Railway has opened operations and implemented Unicom with the Thai railway network, and important progress has been made in the construction of the Yawan high -speed rail.

The fourth is to accelerate the regional economic integration. The effective implementation of the RCEP and the China-Cambodia Free Trade Agreement has achieved remarkable implementation. The China-ASEAN Free Trade Zone 3.0 joint can be accelerated. Go deep. China and ASEAN countries have further improved trade investment and facilitation.

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