China-ASEAN trade shows solid growth despite COVID-19

According to data from China's General Administration of Customs, in the first half of the year, China's trade with Vietnam jumped 18.1 percent, pushing bilateral trade to the top slot among members of the Association of Southeast Asian Nations (ASEAN).

In addition, China's trade with the ASEAN stood at 2.51 trillion yuan (about 362 billion US dollars) in the first seven months, up 6.6 percent year on year. The ASEAN remained China's biggest trading partner during the same period, accounting for 14.6 percent of its total foreign trade volume.

While the COVID-19 pandemic has caused a disruption in the global supply chain, China-ASEAN trade relations "are being further boosted by great efforts from two sides, including governments who are determined to find measures to maintain trade flow and eliminate COVID-19's impacts, and the businesses themselves who are committed to the potential markets," said Vo Tri Thanh, former deputy head of Vietnam's Central Institute for Economic Management.

Click here to read the full article.


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


© FreshPlaza.com 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber