China News Service, Beijing, July 29 (Reporter Liu Liang) The Ministry of Commerce of China revealed on the 29th that China-ASEAN trade has developed significantly. In the past 30 years, the scale of China-ASEAN trade has expanded 85 times.
In order to promote the development of China-ASEAN economic and trade relations, the 18th China-ASEAN Expo and China-ASEAN Business and Investment Summit will be held in Nanning, Guangxi from September 10th to 13th.
The Ministry of Commerce introduced at a press conference that day that this year marks the 30th anniversary of the establishment of dialogue relations between China and ASEAN.
Over the past 30 years, the scale of China-ASEAN trade has expanded 85 times.
In 2020, ASEAN will become China's largest trading partner, and China has maintained its position as the largest trading partner of ASEAN for 12 consecutive years.
In the first half of this year, bilateral trade increased by 38.2% year-on-year, continuing to show a strong growth momentum.
"This is also benefited from the continuous deepening of regional economic integration and the continuous development of friendly relations between the two sides, which reflects the solid foundation and huge potential of China-ASEAN economic and trade cooperation." said Ren Hongbin, Assistant Minister of Commerce.
Ren Hongbin said that ASEAN is China's main foreign investment destination and source of foreign direct investment.
As of the end of June this year, China and ASEAN countries have invested more than 310 billion U.S. dollars in mutual investment. The two sides have steadily expanded their investment cooperation in manufacturing, agriculture, infrastructure, high-tech, digital economy, and green economy.
He said that in recent years, the scale of China's cross-border e-commerce import and export has grown rapidly, becoming a new bright spot in the development of foreign trade.
Looking into the future, as the construction of the “One Belt, One Road” accelerates, special products from ASEAN countries will enter the Chinese market more through e-commerce channels.
China's high-quality products will also meet the increasingly diverse consumer needs of the people of ASEAN countries through cross-border e-commerce, and the cooperation between the two sides in the field of e-commerce has broad prospects.
According to reports, the 18th China-ASEAN Expo investment promotion and other work are progressing smoothly.
At present, the total investment and exhibition area of the "One Conference and Three Pavilions" has reached 124,000 square meters, an increase of 20,000 square meters over the previous session.
Among them, the international exhibition area has increased by 2,000 square meters.
The China-ASEAN Business and Investment Summit will also be held at the same time as the China-ASEAN Expo in Nanning, Guangxi from September 10 to 11 this year.
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