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Trade between China, ASEAN surges 27.19 per cent
Beijing, Oct 27: The total trade volume between China and the members of the Association of Southeast Asian Nations (ASEAN) during the first nine months of this year hit USD 38.55 billion, growing by an impressive 27.19 per cent over the same period last year.
Beijing, Oct 27: The total trade volume between China and the members of the Association of Southeast Asian Nations (ASEAN) during the first nine months of this year hit USD 38.55 billion, growing by an impressive 27.19 per cent over the same period last year.
The figure was announced by trade officials at the first macro-economic forum on China and the ASEAN, which opened Saturday in Kunming, the capital of Southwest China's Yunnan province. During the three-day forum, participants from ASEAN and China will discuss how to strengthen economic cooperation between China and the ten ASEAN member states, which include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, in order to be able to confront current challenges.
Since 1995, the annual trade volume between China and ASEAN has increased by an annual average rate of over 15 per cent. Last year, trade volume between China and the asean member states reached $ 41.6 billion. The ASEAN has become china's fifth largest trade partner, while China is the ASEAN's sixth largest. In addition, all ten ASEAN member states have become Chinese tourist destinations. The ASEAN is still regarded as an important source of overseas investment for China, though the amount of investment in china from ASEAN member states has dropped due to the Asian financial crisis.
By the end of 2001, ASEAN investment projects in China numbered 17,972, with contractual overseas investment of $ 53.5 billion, or 7.2 per cent of China's total overseas investment.
Bureau Report
The figure was announced by trade officials at the first macro-economic forum on China and the ASEAN, which opened Saturday in Kunming, the capital of Southwest China's Yunnan province. During the three-day forum, participants from ASEAN and China will discuss how to strengthen economic cooperation between China and the ten ASEAN member states, which include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, in order to be able to confront current challenges.
Since 1995, the annual trade volume between China and ASEAN has increased by an annual average rate of over 15 per cent. Last year, trade volume between China and the asean member states reached $ 41.6 billion. The ASEAN has become china's fifth largest trade partner, while China is the ASEAN's sixth largest. In addition, all ten ASEAN member states have become Chinese tourist destinations. The ASEAN is still regarded as an important source of overseas investment for China, though the amount of investment in china from ASEAN member states has dropped due to the Asian financial crisis.
By the end of 2001, ASEAN investment projects in China numbered 17,972, with contractual overseas investment of $ 53.5 billion, or 7.2 per cent of China's total overseas investment.
Bureau Report