The quality and upgrade of China-ASEAN economic and trade cooperation enters the fast lane

Published 2021년 7월 20일

Tridge summary

The article highlights the robust economic ties between China and the ASEAN countries, with a focus on the booming trade in agricultural products, especially dried mangoes from Cambodia to China. Despite the global economic slowdown due to the pandemic, the bilateral trade has seen significant growth, reaching a historic high of 684.6 billion US dollars in 2020. The establishment of the China-ASEAN Free Trade Area and the Regional Comprehensive Economic Partnership Agreement (RCEP) have been pivotal in fostering this growth. The article also emphasizes the strategic investment and collaboration between China and ASEAN, creating a strong industrial and economic nexus. The full impact of RCEP on strengthening this relationship and boosting regional economic recovery is anticipated.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On July 15, hundreds of workers were busy on the dried mango production line at the Langho Fruit Factory in San Francisco de Macorís, Cambodia. Every day there are a large number of mangoes sliced, pickled, dried and packaged, waiting to be shipped to China. market. Lu Song, general manager of Langhe Fruit Industry, said: "The Chinese market has been growing rapidly. The export of about 1,500 tons of dried mangoes to China in the previous year has reached this number in the first half of this year." According to the latest data from the General Administration of Customs of China, the total value of China’s imports and exports to ASEAN reached 2.66 trillion yuan in the first half of 2021, a year-on-year increase of 27.8%. The continuous upgrading of district construction and the in-depth integration of the industrial chain have formed a development pattern of "you are in you, and you are in me", which has brought strong impetus to regional and global economic development. Bilateral ...
Source: Ciie

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