General

Xu Ningning said that the current close economic and trade relationship between China and ASEAN, the largest trading partners of each other, has played a mutually supportive role in jointly coping with the increasing negative factors in the global economy.

According to customs data, from January to September this year, the trade between China and ASEAN maintained growth, reaching USD 717.81 billion, up 13.8% year on year. Xu Ningning, Executive Chairman of the China ASEAN Business Council and Chairman of the RCEP Industrial Cooperation Committee, said that at this rate of growth, the trade volume between China and ASEAN will reach about $1 trillion this year, a record high, demonstrating the vitality and resilience of bilateral economic and trade cooperation.

The China ASEAN Business Council, which has been established for more than 20 years, is one of the dialogue and cooperation mechanisms between China and ASEAN countries. Xu Ningning said that customs data showed that from January to September this year, China's top three trade partners were ASEAN, the European Union and the United States. Among the top three trade partners, China ASEAN trade grew fastest; The trade volume between China and the EU was 645.95 billion US dollars, up 7.9% year on year; The trade volume between China and the United States was 580.4 billion US dollars, up 6.9% year on year; According to customs data, the trade volume between China and ASEAN is USD 71.86 billion more than that between China and the EU, and USD 137.41 billion more than that between China and the United States.

According to the customs data, from January to September this year, the trade between China and ASEAN accounted for 15.1% of China's total foreign trade, 14.4% of the same period last year, and 0.7% higher than the same period last year.

According to customs data, from January to September this year, China's exports to ASEAN reached 416.28 billion US dollars, up 20.6% year on year; China's imports from ASEAN reached US $301.53 billion, up 5.7% year on year; China had a surplus of US $114.75 billion, up 89.2% year on year. Among the ten countries of China and ASEAN, China and Vietnam have the largest trade surplus of 45.5 billion US dollars, accounting for 39.7% of the total surplus between China and ASEAN; The trade deficit between China and Malaysia was the largest, at US $12.89 billion.

Xu Ningning said that the current close economic and trade relationship between China and ASEAN, the largest trading partners of each other, has played a mutually supportive role in jointly coping with the increasing negative factors in the global economy.

The 10 ASEAN member countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.