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China-ASEAN economic and trade cooperation has continued to deepen

Post Time:2022-11-02 15:07:48

This year is the first year of the establishment of the China-ASEAN comprehensive strategic partnership.

Xu Ningning, executive president of the China-ASEAN Business Council and chairman of the RCEP Industry Cooperation Committee, recently said in an interview with a reporter from China News Service that from January to September this year, China-ASEAN trade maintained growth, reaching 717.81 billion US dollars, an increase of 13.8% over the same period last year.

From January to September this year, China's top three trading partners were ASEAN, the European Union and the United States, among the top three trading partners, China-ASEAN trade growth rate was the fastest; China's trade volume with the EU was US$645.95 billion, a year-on-year increase of 7.9%; China's trade with the United States stood at US$580.40 billion, a year-on-year increase of 6.9%; China's trade volume with ASEAN was US$71.86 billion more than China's trade with the EU, and US$137.41 billion more than China's trade with the United States.

From January to September this year, China-ASEAN trade accounted for 15.1% of China's total foreign trade, compared with 14.4% in the same period last year, and increased by 0.7% this year over the same period of the previous year.

From January to September this year, China's exports to ASEAN reached US$416.28 billion, a year-on-year increase of 20.6%; China's imports from ASEAN reached US$301.53 billion, a year-on-year increase of 5.7%; China's surplus was US$114.75 billion, an increase of 89.2% year-on-year. Among the ten ASEAN countries, China and Vietnam have the largest trade surplus of US$45.5 billion, accounting for 39.7% of the total surplus between China and ASEAN. China has the largest trade deficit with Malaysia at US$12.89 billion.

Xu Ningning pointed out that the current close economic and trade relations between China and ASEAN, which are each other's largest trading partners, have played a mutually supporting role in jointly coping with the increasing number of negative factors in the global economy.

Xu Ningning put forward the following four suggestions for further innovating and pragmatically enhancing China-ASEAN economic and trade cooperation and jointly coping with challenges:

First, RCEP is an important starting point for broadening and deepening economic and trade cooperation, and member states and their industries should focus on improving the level of participation in international and regional cooperation.

Second, the two sides should focus on deepening China-ASEAN economic and trade cooperation should be the fields and industries with high concern and strong complementarity, further organically combining the Belt and Road with the development blueprint of the ASEAN Economic Community, promoting cooperation in developing economic and trade complementarity and creating new industrial chains, digital economy, green economy, and connectivity with complementary advantages, and jointly boosting the development of small and medium-sized enterprises in the region.

Third, as a new force in China-ASEAN economic and trade cooperation, enterprises should formulate China-ASEAN business cooperation plans according to the current changes in the new situation at home and abroad, and make good use of free trade agreements including RCEP, China-ASEAN free trade agreements and bilateral free trade agreements. Enterprises engaged in cross-border e-commerce, financial services, logistics services, advertising services, lawyers and accountant services and other service industries should actively carry out cooperation.

Fourth, make full use of the existing multilateral and bilateral cooperation mechanisms between China-ASEAN and its member states to promote cooperation.

Xu Ningning said that over the past 30 years, the good-neighborly and friendly relations between China and ASEAN have developed comprehensively and deeply. As each other's largest trading partners, the two sides have fully demonstrated the trend of close and active economic and trade cooperation, entering a new stage of developing a comprehensive strategic partnership and showing dynamic prospects for cooperation.

 

History of Friendship 


In Bangkok 2019, Xu Ningning attended and spoke at the ASEAN 10+1 Joint Business Council Meeting, hosted by the ASEAN Business Advisory Council, members of the ASEAN Business Advisory Council, EU-ASEAN Business Council, US-ASEAN Business Council, ASEAN-Japan Business Council, Russia-ASEAN Business Council, Australia-ASEAN Business Council, ASEAN-New Zealand Business Council, Canada-ASEAN Business Council, UK-ASEAN Business Council, representatives of the ASEAN Secretariat and other institutions attended. During the meeting, Xu Ningning talked with the chairman of the ASEAN Business Advisory Council. Thailand holds the ASEAN Chairmanship in 2019.

 

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In Jakarta 2018, at the ASEAN Secretariat, Xu Ningning talked with Aladdin D. Rillo, deputy secretary-general for economic cooperation, about coordinated development between the Belt and Road initiative and implementing the development blueprint of the ASEAN Economic Community, upgrading the China-ASEAN Free Trade Area, China-ASEAN trade and investment cooperation, China-ASEAN digital economy, especially e-commerce cooperation, and China-ASEAN smart city construction cooperation.

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In 2018, Xu Ningning and Dato Lim Jock Hoi, Secretary-General of ASEAN Secretariat.

 

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In Singapore 2018, Xu Ningning met with Ong Keng Yong, former Secretary-General of ASEAN Secretariat and then Ambassador-at-Large of the Ministry of Foreign Affairs of Singapore, to talk about the Belt and Road.

 

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In Jakarta 2015, Xu Ningning and the director of the Connectivity Bureau of the ASEAN Secretariat exchanged views on ASEAN connectivity construction and business opportunities.

 

 

In Kuala Lumpur 2015, Xu Ningning was invited to attend the opening ceremony of the 26th ASEAN Summit.


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In Jakarta 2014, Xu Ningning visited the ASEAN Secretariat, and met the then Secretary-General of ASEAN Secretariat Le Luong Minh.

 

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In 2014, former Secretary-General of ASEAN Secretariat Surin Pitsuwan visited the China-ASEAN Business Council to discuss relevant cooperation matters.

 

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In Beijing 2013, Xu Ningning had a talk with Le Luong Minh, Secretary-General of the ASEAN Secretariat.


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In 2013, at the Brunei International Convention Centre, Xu Ningning was invited to attend the ASEAN Business and Investment Summit and met with Ong Keng Yong, former Secretary General of ASEAN Secretariat.

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In 2012, at the ASEAN Secretariat, Xu Ningning spoke with Lim Hong Hin, deputy secretary-general for economic cooperation.

 

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In 2012, Xu Ningning was invited to attend the luncheon of the ASEAN Beijing Committee, which is composed of ambassadors from the ten ASEAN countries to China, to analyze the economic cooperation between China and ASEAN that the ambassadors are concerned about.

 

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In Kuala Lumpur, Malaysia, 2011, Ong Keng Yong, former Secretary-General of ASEAN Secretariat and then Singapore's ambassador to Malaysia, met with Xu Ningning at the hotel and had a friendly talk on topics such as ASEAN Economic Community and ASEAN connectivity.

 

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In 2010, Xu Ningning met with Push Panathan, then deputy secretary-general of the ASEAN Secretariat in charge of economic cooperation. 

 

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In 2008, at the ASEAN Secretariat, then Secretary-General of the ASEAN Secretariat Surin Pitsuwan met with Xu Ningning.

 

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In 2008, the 2nd East Asia Business Forum was held in Beijing. The forum was hosted by the CCPIT. During the forum, Xu Ningning, then chairman of the forum, and Ong Keng Yong, former Secretary-General of ASEAN Secretariat and then president of the Singapore Institute of Policy Studies, had a discussion on China-ASEAN economic and trade cooperation and accepted media interviews.

 

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In 2004, at the China-ASEAN Expo and Business and Investment Summit, Xu Ningning and Ong Keng Yong, former Secretary-General of ASEAN Secretariat.



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