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China-ASEAN Trade Ranks First in China's Foreign Trade in October

Post Time:2019-11-15 17:15:05

Global Times, November 13, 2019: Xu Ningning, Executive President of the China-ASEAN Business Council, said in an interview that in October 2019, the trade volume between China and ASEAN was 57.32 billion US dollars, ranking first in China's foreign trade; the trade volume between China and the EU was 57.12 billion US dollars, and that between China and the United States was 45.17 billion US dollars.

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In the first 10 months of this year, the trade volume between China and ASEAN reached 516.42 billion US dollars, an increase of 6.4% over the same period of the previous year. China’s trade volume with ASEAN countries accounted for an increasing proportion of China’s total foreign trade.

In the first 10 months of this year, the trade volume between China and the EU was 579.63 billion US dollars, an increase of 3.1% year-on-year; the trade volume between China and the United States was 447.83 billion US dollars, down 14.9% year-on-year. ASEAN is China's second largest trading partner, second only to the EU, with a difference of 63.21 billion US dollars. China’s trade with ASEAN was 68.59 billion US dollars more than that with China’s third largest trading partner, the United States.

Xu Ningning said that on November 3 this year, Premier Li Keqiang said in his speech at the 22nd China-ASEAN Leaders' Meeting that Since the inception of our dialogue relationship in 1991, China and ASEAN have forged ahead side by side with mutual support. We have come a long way in our respective economic and social development, and have together contributed significantly to the stability and prosperity in East Asia.

Premier Li Keqiang made the following suggestions on advancing cooperation between China and ASEAN. First, we need to further synergize our development plans in a forward-looking spirit. Second, we need to follow a win-win approach and upgrade economic and trade cooperation at a faster pace. Third, we need to pursue innovation-driven growth and be a pace-setter of our times. Fourth, we need to pursue sustainable economic and social progress through inclusive and balanced development. Fifth, we need to uphold mutual respect and trust, and deepen security cooperation. Sixth, we need to nurture everlasting friendship and forge closer people-to-people ties.

At the 22nd China-ASEAN Leaders’ Meeting on November 3, the ASEAN-China Joint Statement on Synergising the Master Plan on ASEAN Connectivity (MPAC) 2025 and the Belt and Road Initiative (BRI), China-ASEAN Leaders’ Statement on Smart City Cooperation Initiative, and the Joint Statement on Deepening China-ASEAN Media Exchange and Cooperation was issued. Xu Ningning, who was visiting Thailand at that time, said that all the Thai friends stated that the successful 22nd China-ASEAN Leaders' Meeting has positive significance to further deepen cooperation, innovative cooperation and mutually beneficial cooperation, and promote mutual understandings and long-term friendship between the peoples.

Xu Ningning said that the negotiations of the Regional Comprehensive Economic Partnership (RCEP) led by ASEAN countries has been concluded, and an agreement is scheduled to be signed in February next year. The 10 ASEAN countries, China, Japan, South Korea and other countries are opening up markets and promoting close regional cooperation to cope with the challenges of global economic slowdown and trade protectionism. The signing and implementation of the RCEP will bring about new developments in China-ASEAN economic and trade cooperation.

Xu Ningning suggested that China and ASEAN and its member states should jointly implement the results of the Bangkok East Asia Summit in early November, and conduct the cooperation in a detailed and practical manner, paying much attention to efficiency and quality.

At last, Xu Ningning introduced that Vietnam will assume the rotating chairmanship of ASEAN in 2020. Vietnam has advanced the official theme of the 2020 ASEAN year as “Cohesive and Responsive”, and has proposed the five priorities of 2020 ASEAN. First, strengthen ASEAN’s status and role in maintaining regional peace and a safe and stable environment. Second, promote regional communication and improve the adaptability of the fourth industrial revolution. Third, intensify the values and identities of the ASEAN Community and exemplify the features of the ASEAN community. Fourth, promote partnerships urging global peace and sustainable development. Fifth, improve the efficiency of ASEAN’s apparatus and enhance the adaptability and effectiveness of ASEAN by implementing institutional reforms. 

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On November 6, 2019, in Tokyo, Xu Ningning, Executive President of the China-ASEAN Business Council met with Kong Xianyou, Ambassador of China to Japan.

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On November 8, 2019, in Manila, Xu Ningning met with Deputy Chief of Mission of the Chinese Embassy in the Philippines.

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On November 9, 2019, in Manila, Xu Ningning had lunch with Francis Chua, one of the Philippine business leaders and well-known overseas Chinese businessman.

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On November 9, in 2019, in the Philippines, Xu Ningning made an investigation in Manila with Mr. Cheng Yonghua, former Ambassador of China to Malaysia, South Korea, and Japan.

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On November 10, 2019, in Bangkok, Xu Ningning met with Mr. Zhang Jiuhuan at The Embassy of China in Thailand. Zhang Jiuhuan once served as Director General of the Department of Asian Affairs of the Ministry of Foreign Affairs, and Chinese Ambassador to Singapore and Thailand.

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On November 10, 2019, in Bangkok, Xu Ningning met with Ambassador Du Qiwen during the Thai traditional Loy Krathong Festival. Du Qiwen once served as Director of the Policy Research Office of the Ministry of Foreign Affairs, Deputy Director of Office of the Central Leading Group on Foreign Affairs, Chinese Ambassador, etc.

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On November 11, 2019, in Bangkok, Xu Ningning met with former Foreign Minister of Thailand at the Thai Foreign Ministry.

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On November 11, 2019, in Bangkok, Xu Ningning communicated with Vice President of Siam Commercial Bank in charge of China affairs about recent situation of the Bank’s cooperation with Chinese companies. Siam Commercial Bank has the largest asset scale among Thai banks.

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On November 11, 2019, in Bangkok, Xu Ningning communicated with Vice President of Kasikornbank in charge of China affairs about recent situation of Chinese enterprises entering Thailand and China’s bank cooperation with ASEAN countries.

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On November 12, 2019, in Bangkok, Xu Ningning met with President of Thai-Chinese Rayong Industrial Zone Development Company.

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On November 12, 2019, in Bangkok, Xu Ningning communicated with former Thai Ambassador to China.

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On November 12, 2019, in Bangkok, Xu Ningning met with Chinese Ambassador to Thailand and former Thai Foreign Minister at the Embassy of China in Thailand.


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