SIEM REAP, 29 August 2012 (Cambodia Herald) - China's trade with ASEAN grew faster than
its trade with other countries in the six months to June, Chinese Trade
Minister Chen Deming said Wednesday
"ASEAN has overtaken Japan to be the third largest trade partner of China," he told ASEAN economic ministers meeting in Siem Reap. "Trade between ASEAN and China so far this year reached $220 billion dollars but increased nine percent year-on-year, higher than the average growth of China trade with other countries."
"ASEAN has overtaken Japan to be the third largest trade partner of China," he told ASEAN economic ministers meeting in Siem Reap. "Trade between ASEAN and China so far this year reached $220 billion dollars but increased nine percent year-on-year, higher than the average growth of China trade with other countries."
Chen also said that Chinese investment in ASEAN reached $93 billion in the six-month period. "ASEAN has become an important destination for China’s investment," he said, noting progress in the ASEAN-China Free Trade Agreement.
"I am optimistic that the bilateral investment will pick up in the coming years," he said.
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