" /> China-ASEAN Trade Maintains Robust Growth Amid COVID-19 Pandemic - Sahar News
Home / World / China-ASEAN Trade Maintains Robust Growth Amid COVID-19 Pandemic
China-Asean trade maintains robust growth amid COVID-19 pandemic

China-ASEAN Trade Maintains Robust Growth Amid COVID-19 Pandemic

NANNING, China – China’s trade with ASEAN amounted to 2.51 trillion yuan ($ 362 billion) in the first seven months, up to 6.6% over a year, according to data from the General Customs Administration.
ASEAN remained China’s largest trading partner during the same period, accounting for 14.6% of the country’s total foreign trade volume, thanks to the improved free trade area protocol and the supply chain cooperation.
In the first half of this year, the Beibu Gulf Port in Guangxi had a network of 27 foreign trade routes to major ports in Asian countries.
The port has seen its cargo throughput increase 17.85% year-on-year to nearly 153 million tonnes in the first seven months, according to the Beibu Gulf Port Group.
During that time, it handled about 2.75 million twenty-foot equivalent units during the period, up 29.71% year-over-year.
Besides, the land-sea freight route saw a total of 1,691 trains departing from Guangxi in the first half, up 66% year-over-year.
“Thanks to our port, the volume of land-sea freight from Chongqing, Yunnan, Guizhou and other western provinces has seen a sharp increase during the period,” said Wei Tao, chairman Beibu Gulf Port Group.
“Since the creation of the China-Asia Free Trade Zone (CAFTA) in 2010, trade in goods and services between China and ASEAN countries has developed, thanks to the deep integration of industrial chains and value chains rapidly.”
Tariffs on 7,000 products have abolished under CAFTA. In 2002, the volume of trade between China and Asian countries was only $ 54.8 billion. In 2019, it exceeded $ 600 billion, according to data from the Ministry of Commerce.
Besides traditional trade, China and the ASEAN countries are also emphasizing high-tech industrial cooperation.
China-ASEAN Information Harbor Co Ltd, an information technology company based in Guangxi, has been dedicated to Sino-Asian industrial cooperation in the digital and information field in recent years.
Three international communication submarine cables, 12 international terrestrial optical cables and 13 key communication nodes have been built to link China and the ASEAN countries, the company said.
Also, China and ASEAN countries cooperated in satellite navigation before China’s BeiDou satellite navigation system was officially completed for commissioning on July 31.
China has started providing navigation services to some ASEAN countries. It will promote the economic and social development of ASEAN countries, especially in the areas of modern agriculture, digitization and ports, said Ran Chengqi, director of China’s satellite navigation bureau.
(Sahar News Monitoring Desk)

Check Also

Iranian Drones Capture Close Footage of USS Nimitz

Iranian Drones Capture Close Footage of USS Nimitz

TEHRAN – Advanced crewless aerial vehicles operated by Iran’s Islamic Revolutionary Guard Corps (IRGC) managed …

Leave a Reply

Your email address will not be published. Required fields are marked *

8182399730 Romantix adult store Backpage st. Joseph
Russian escort houston Capital massage sterling va Rubmaps oakland
Bunnyestrada instagram Minneapolis massage parlours Transgender dates in orlando backpage Liverub manhattan
Backpage of charlotte nc Escort radar detector parts
Sexy women blowjob Backpage akron canton ohio Las vegas backpage classifieds
Cougar escorts los angeles Cairns escorts
2439 bay area blvd Transexuales de dallas Massage sex tumblr
???? Sensual massage outcall Winnipeg strip clubs Sex toy stores in san antonio
Columbia.backpage.com Flying j truck stop albuquerque nm Massage parlor dallas tx Sweetshelly269
Palm springs adultlook escorts Strip club ventura ca
Diamond greek goddess escort Sioux falls adult store Ruby backpage
Cityxguidetexarkanatexas Escort max ii platinum radar detector
Tantric massage in chicago Escort in the bay area
Asian escort montreal Dallas asian massage parlor Adult theaters fun .com
Massage backpage com Xdreams2 Escort girl montreal
Sex massage movies Backpage miami fl My red book fresno
Albquerque escorts Black pashion bbw Escort nanjing
Carrollton tx escorts Ts escort long beach
Gay male massage portland 4079172715 Backpage daly city
Escorts in dallas texas Escorts in sofld mass. South maui fish company Shemales in st louis
Kokomo in escorts Prince of peace muskegon mi
Strip clubs in kennesaw Sexy gentleman Leilanili
Strip clubs tucson az New orleans transexuals Shemails com Escort srx
4049903007 Lets see some pussy List crawler escorts
Castle sex toy Backpages philly Busan backpage College girls massage turns into girl girl sex anal,licking,fingering
Olitaescort.com Hello rocklin massage 253 broadway chula vista ca 91910
Premier spa carol stream Mature massage los angeles
Masajes para adultos en dallas tx Escorts in southgate Flamingo massage Hilton kc
Escort estonia Female escort portland maine
Spartanburg sc backpage Adult massage montreal Shemales london Relaxing sensual massage