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Nanning International Convention and Exhibition Center Photo by Xinhua News Agency reporter Lu Boan.
Xinhua News Agency, Nanning, Nov. 29, Title: China-ASEAN Trade Rises Against the Trend, Opening a New Chapter of Win-Win Cooperation
Xinhua News Agency reporters Lu Xianting and Xu Haitao
Although the global economy has been severely affected by the new corona pneumonia epidemic, trade between China and ASEAN continues to increase against trend. The first three quarters of this year achieved a historic breakthrough in which the two parties were each other’s main trading partners.
Azlim Zakaria, Consul General of the Malaysian Consulate General in Nanning, said: “ASEAN has become China’s largest trading partner this year. This is something we are proud of.”
Verasa Sompong, Consul General of the Laos Consulate General in Nanning, said: “I am confident that the cooperation between ASEAN and China will continue to deepen and work together to make the ASEAN region a peaceful, stable, secure and prosperous region.” .
Products from the 17th China-ASEAN Exhibition “One Belt One Road” international exhibition area are favored.Photo by Xinhua News Agency reporter Zhang Ailin
In the epidemic situation, the 17th China-ASEAN Expo and the China-ASEAN Business and Investment Summit were not absent. Leaders from China and ASEAN countries delivered video speeches at the opening ceremony. A group of Fortune 500 companies and other well-known companies signed up for the physical exhibition. , Many foreign businessmen negotiated online shopping through “Eastern Cloud Expo” and more than 160 economic and business promotion activities were carried out one after another.
“Holding the Expo reminds us of the importance of close cooperation. This is the important cornerstone for the continued success of the China-ASEAN Expo over the years and the establishment of a trade partnership between the two sides.” said ASEAN Secretary General Lin Yuhui.
Friendly relations between China and ASEAN have a long history. In 2003, China and ASEAN established a strategic partnership, and in 2010 the China-ASEAN Free Trade Area was established. Under the “10 + 1” win-win model between China and ASEAN, the total trade volume between the two parties increased from $ 54.8 billion in 2002 to $ 481.81 billion in the first three quarters.
Guangxi Liugong Group Co., Ltd. is a construction machinery company that started to deploy abroad earlier. Since 2004, it has established a complete marketing and service network in the ASEAN region, and its product sales in this region account for approximately 25% of the entire foreign market. Chen Hao, general manager of Liugong International Business Center Asia-Pacific Company, said that through years of intensive cultivation in ASEAN countries, more and more customers understand and trust Liugong.
The China-ASEAN Expo has always been focused on the purpose of promoting the friendly cooperative relations between China and ASEAN, building cooperation platforms, unlocking trade and investment channels, and enhancing exchanges in various fields such as finance, logistics and technology. With the acceleration of the “One Belt One Road” initiative and the “ASEAN Interconnection Master Plan 2025”, various cooperation projects such as the Jakarta-Bandung high-speed railway, the China-Laos railway and the “bilateral parks” China-Malaysia have made further progress.
Recently, the roof of the Vientiane station of the China-Laos railway was sealed, marking the successful completion of the construction task of the main structure of the largest station of the China-Laos railway. The China-Laos Railway, which begins at the port of Boding in the north and reaches Vientiane, the capital of Laos, is a China-built and invested overseas railway project, jointly operated by China and Laos, and directly connected to the Chinese railway network. Upon completion of the project, Laos will go from being a “landless country” to a “unionized country”, and businesses and individuals on both sides will receive concrete benefits.
The pace of China’s comprehensive expansion and opening-up has accelerated. After eight years in the making, the Regional Comprehensive Economic Partnership (RCEP) was recently officially signed and the world’s largest free trade area was born, encompassing ASEAN, China, Japan and South Korea. “The signing of the RCEP will greatly promote the development of economic globalization and will also usher in a new era of rapid development in economic and trade exchanges between ASEAN and China,” said Huang Yurong, Consul General of the Consulate General. from Vietnam in Nanning.
Workers are lifting containers at Nanning International Railway Port in Guangxi on Nov. 11, Photo by Xinhua News Agency reporter Lu Boan.
China always regards ASEAN as the priority direction of neighboring diplomacy and high-quality key areas for joint construction of the “Belt and Road”, constantly deepening strategic mutual trust, relying on the construction of new land-sea corridors. in the west and strengthening cooperation in the interconnection of railways, roads, ports, airports and other infrastructures. Carry out cooperation in e-commerce, digital commerce, 5G network and other fields to cultivate new points of economic growth.
At the Pingxiang Port Logistics Center of the Guangxi State Railways, trains full of freight went from China to Vietnam. “Since the first China-Vietnam train was launched in 2017, the volume has continued to increase and the goods have become more abundant,” said Meng Yong, deputy general manager of Guangxi Ningtie International Logistics Co., Ltd.
The growth of the China-Vietnam train expresses the vitality of the regional economy and the vision of deepening cooperation. Lei Xiaohua, deputy director of the Institute of Southeast Asian Studies at the Guangxi Academy of Social Sciences, said that with the signing of the RCEP, China and the ASEAN countries will have closer ties and the volume of trade and investment is expected to keep growing.
