Aerial photo taken on Sept. 13, 2022 shows the Qinzhou Port in Qinzhou, south China's Guangxi Zhuang Autonomous Region. (Xinhua/Zhang Ailin)
BEIJING, March 14 (Xinhua) - China and the Association of Southeast Asian Nations (ASEAN) have been firmly deepening bilateral relations and strengthening the level of economic and trade cooperation, making them keep at each other's major trading partner in the past three years, according to Xu Ningning, executive director of the China-ASEAN Business Council and Chairman of RCEP Industry Cooperation Committee.
In January this year, non-financial direct investment by Chinese enterprises in the Belt and Road (B&R) countries reached 17.06 billion yuan, up 42.7 percent year on year, accounting for 22.5 percent of the total in the same period, with the ASEAN countries including Singapore, Indonesia, and Malaysia taking the top three of investment destinations, Chinanews.com reported on Monday, quoting Xu Ningning.
According to the latest data, the trade between China and ASEAN countries increased by 9.6 percent year on year in the first two months of this year, which remains a bright spot of China's foreign trade.
Xu said that the continuous improvement of economic and trade cooperation between the two sides, in return, has consolidated the bilateral relations and boosted the economic growth of regional countries.
(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)
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