ASEAN rises to be China's 2nd biggest trading partner
5 years, 2 months ago

ASEAN rises to be China's 2nd biggest trading partner

China Daily  

Visitors pass the Cambodia booth during the 16th China-ASEAN Expo in September in Nanning, the Guangxi Zhuang autonomous region. BEIJING -- The Association of Southeast Asian Nations has overtaken the United States to become China's second largest trading partner in 2019, official data showed Tuesday. China's trade volume with ASEAN climbed 14.1 percent to 4.43 trillion yuan last year, data from the General Administration of Customs showed. The European Union remained China's biggest trading partner with an 8-percent year-on-year growth to 4.86 trillion yuan in bilateral trade, while the United States ranked third with a 10.7-percent fall over 2018 to 3.73 trillion yuan, GAC data showed. Trade between China and its fourth largest trading partner Japan edged up 0.4 percent to 2.17 trillion yuan.

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History of this topic

Chinese investment in ASEAN expands to benefit both sides
1 week, 2 days ago

Chinese investment in ASEAN expands to benefit both sides

China Daily  

A staff member displays a model of an electric multiple unit train at the signing ceremony of a joint venture agreement between China Communications Construction Company and Malaysia Rail Link in Putrajaya, Malaysia, on Dec 18. CHONG VOON CHUNG/XINHUA These companies have also benefited from the ASEAN-China Free Trade Area, which gives goods produced by Chinese companies in their ASEAN …

China's foreign trade records steady performances in first two months
3 weeks, 3 days ago

China's foreign trade records steady performances in first two months

China Daily  

Export-bound vehicles await shipment at Taicang Port, Jiangsu province. China's exports rose 3.4 percent year-on-year to 3.88 trillion yuan in the first two months of 2025, while its imports dropped 7.3 percent on a yearly basis to 2.66 trillion yuan, data from the General Administration of Customs showed on Friday. The country's foreign trade recorded steady performances during these two …

US displaced China as Germany’s biggest single trading partner last year
1 month, 2 weeks ago

US displaced China as Germany’s biggest single trading partner last year

Associated Press  

BERLIN — The United States was Germany’s biggest single trading partner last year for the first time since 2015, displacing China from the top spot as exports to the Asian power declined, official figures showed Wednesday. Trade between the U.S. and Germany, which has Europe’s biggest economy, ticked up 0.1% compared with 252.8 billion euros in 2023, Germany’s Federal Statistical …

Way forward
2 months, 1 week ago

Way forward

China Daily  

Shi Yu/China Daily The Association of Southeast Asian Nations has never been spared from the challenges posed by global geopolitical dynamics and major power rivalry. As a comprehensive strategic partner of ASEAN, China has been the latter's top trading partner since 2009, while the 10-member bloc has been China's top trading partner since 2020. This was evidenced by the circumspection …

Shandong's foreign trade soars to record high in 2024
2 months, 2 weeks ago

Shandong's foreign trade soars to record high in 2024

China Daily  

In 2024, Shandong province witnessed a significant milestone in its foreign trade sector, with imports and exports reaching a record high of 3.38 trillion yuan, marking a 3.5 percent year-on-year increase. Shandong's trade performance in each quarter of 2024 exhibited steady growth, contributing to its position as the sixth-largest contributor to China's total trade volume, accounting for 7.7 percent of …

China reports active trade with BRI countries in 2024: commerce ministry
2 months, 2 weeks ago

China reports active trade with BRI countries in 2024: commerce ministry

China Daily  

BEIJING -- China's trade in goods with Belt and Road Initiative partner countries hit 22.1 trillion yuan in 2024, the Ministry of Commerce said on Wednesday. Nearly 54 percent of China's imports came from BRI partner countries last year, as China's super-large market has been providing development opportunities for nations around the world, ministry official Li Yongjie told a press …

China reports active trade with BRI countries in 2024: commerce ministry
2 months, 2 weeks ago

China reports active trade with BRI countries in 2024: commerce ministry

China Daily  

BEIJING -- China's trade in goods with Belt and Road Initiative partner countries hit 22.1 trillion yuan in 2024, the Ministry of Commerce said on Wednesday. Nearly 54 percent of China's imports came from BRI partner countries last year, as China's super-large market has been providing development opportunities for nations around the world, ministry official Li Yongjie told a press …

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?
Trending News
2 months, 2 weeks ago

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

Associated Press  

BANGKOK — Sen. Tammy Duckworth, grilling President-elect Donald Trump’s choice for defense secretary over whether he had the “breadth and depth of knowledge” needed to lead international negotiations, asked Pete Hegseth if could name one member of the Association of Southeast Asian Nations, describe what type of agreement the U.S. had with the countries and how many nations were in …

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?
2 months, 2 weeks ago

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sen. Tammy Duckworth, grilling …

Nation's foreign trade hits new high
2 months, 2 weeks ago

Nation's foreign trade hits new high

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The total value of China's foreign trade reached a record high of 43.85 trillion yuan in 2024, marking a 5 percent year-on-year growth, customs statistics showed. The country's exports amounted to 25.45 trillion yuan last year, an increase of 7.1 percent year-on-year, while imports totaled 18.39 trillion …

Ample opportunities seen for foreign trade in 2025
2 months, 3 weeks ago

Ample opportunities seen for foreign trade in 2025

China Daily  

China's foreign trade, particularly exports of mechanical and electrical products, along with its resilient supply chains, will be pivotal in curbing global inflation and driving the green transformation of many countries in 2025, market analysts and exporters said on Friday. Although external risks and challenges, including increasing trade barriers and geopolitical impacts, are growing, they said there are still ample …

Chinese customs unveils measures to boost development of western regions
2 months, 4 weeks ago

Chinese customs unveils measures to boost development of western regions

China Daily  

BEIJING -- China's General Administration of Customs on Sunday unveiled 15 measures aimed at advancing the large-scale development of the country's western regions, with a particular focus on promoting openness. Additionally, GAC plans to support the construction of international aviation hubs in cities such as Chengdu, Chongqing, Kunming, Xi'an and Urumqi, while promoting the export of specialty agricultural products from …

Chinese customs unveils measures to boost development of western regions
2 months, 4 weeks ago

Chinese customs unveils measures to boost development of western regions

China Daily  

BEIJING -- China's General Administration of Customs on Sunday unveiled 15 measures aimed at advancing the large-scale development of the country's western regions, with a particular focus on promoting openness. Additionally, GAC plans to support the construction of international aviation hubs in cities such as Chengdu, Chongqing, Kunming, Xi'an and Urumqi, while promoting the export of specialty agricultural products from …

Sino-Malaysian ties thrive on trust, growth
3 months ago

Sino-Malaysian ties thrive on trust, growth

China Daily  

By YANG HAN in Hong Kong | China Daily | Updated: 2024-12-30 09:54 Michael Yeoh speaks at the Global Chinese Economic and Technology Summit in Shenzhen, Guangdong province, on Nov 6, 2023. PHOTO PROVIDED TO CHINA DAILY Over the years, the two countries have not only fostered collaboration but also established a framework for candid discussions between leaders, enabling open …

Opening-up to spur foreign trade growth
3 months, 2 weeks ago

Opening-up to spur foreign trade growth

China Daily  

China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals in selected cities, including Beijing and Shanghai, Liu …

Tailwinds favoring foreign trade enterprises
Trending News
3 months, 2 weeks ago

Tailwinds favoring foreign trade enterprises

China Daily  

Automated vehicles deliver cargo at Qingdao Port's fully automated terminal in Shandong province on Dec 3. ZHANG JINGANG/FOR CHINA DAILY China will ramp up financial support, cultivate new growth engines, and strengthen services for foreign trade enterprises in order to unlock momentum and foster resilience in the country's foreign trade sector — a critical pillar underpinning overall economic growth, officials …

Opening-up to spur foreign trade growth
3 months, 2 weeks ago

Opening-up to spur foreign trade growth

China Daily  

A container ship leaves Qingdao Port, Shandong province. China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals …

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI
3 months, 2 weeks ago

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI

Live Mint  

New Delhi, Dec 15 Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a significant …

Shandong's foreign trade up 3.1% in Jan-Nov period
3 months, 3 weeks ago

Shandong's foreign trade up 3.1% in Jan-Nov period

China Daily  

Shandong province has reported robust growth in its foreign trade during the first 11 months of 2024. According to the latest data, the province's total import and export value reached 3.05 trillion yuan, marking a 3.1 percent increase year-on-year. In November, the province's exports of 173.79 billion yuan and imports of 115.28 billion yuan totaled an import and export value …

China's foreign trade up 4.9% in first 11 months
3 months, 3 weeks ago

China's foreign trade up 4.9% in first 11 months

China Daily  

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during this period, customs data showed. The import and export …

China's foreign trade up 4.9% in first 11 months
3 months, 3 weeks ago

China's foreign trade up 4.9% in first 11 months

China Daily  

By Zhong Nan | chinadaily.com.cn | Updated: 2024-12-10 11:12 China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during …

Guangxi eyes becoming a Digital Silk Road hub for ASEAN cooperation
3 months, 4 weeks ago

Guangxi eyes becoming a Digital Silk Road hub for ASEAN cooperation

China Daily  

South China's Guangxi Zhuang autonomous region will promote the construction of the China-ASEAN information port while positioning itself as a key hub on the Digital Silk Road and bolstering cooperation with ASEAN countries to fuel the high-quality growth of the digital economy, officials said on Friday. These sectors now contribute 11.79 percent to the region's GDP growth, according to Zhao …

Guangxi eyes becoming a Digital Silk Road hub for ASEAN cooperation
3 months, 4 weeks ago

Guangxi eyes becoming a Digital Silk Road hub for ASEAN cooperation

China Daily  

South China's Guangxi Zhuang autonomous region will promote the construction of the China-ASEAN information port while positioning itself as a key hub on the Digital Silk Road and bolstering cooperation with ASEAN countries to fuel the high-quality growth of the digital economy, officials said on Friday. These sectors now contribute 11.79 percent to the region's GDP growth, according to Zhao …

Trade cooperation to boost East Asian economy
4 months ago

Trade cooperation to boost East Asian economy

China Daily  

WANG XIAOYING/CHINA DAILY The geopolitical and geo-economic landscapes will likely undergo profound changes after Donald Trump is sworn in as the United States president in January. Need to make new breakthroughs Trade and economic cooperation among China, Japan and the ROK has reached a critical juncture, from where they can "fall behind if not advancing". Since the next three to …

Economic momentum of China hailed 'beneficial'
4 months, 1 week ago

Economic momentum of China hailed 'beneficial'

China Daily  

By ZHAO JIA | China Daily | Updated: 2024-11-23 07:08 China's remarkable economic momentum offers ASEAN member states an extraordinary chance to achieve shared progress, said a senior Malaysian official, calling on regional nations to deepen connections with Beijing to jointly build a peaceful and prosperous Asia. Simply put, we are stronger when we stand together," Azalina Othman Said, minister …

China's trade with other APEC economies hits record high in Jan-Oct
4 months, 2 weeks ago

China's trade with other APEC economies hits record high in Jan-Oct

China Daily  

BEIJING - China's trade with other APEC economies reached a record high of 21.27 trillion yuan in the first 10 months of 2024, data from the General Administration of Customs showed on Wednesday. The figure marked a 5.7 percent increase from a year earlier, outpacing the country's total trade growth by 0.5 percentage points during the period, according to the …

China's trade with other APEC economies hits record high in Jan-Oct
4 months, 2 weeks ago

China's trade with other APEC economies hits record high in Jan-Oct

China Daily  

BEIJING - China's trade with other APEC economies reached a record high of 21.27 trillion yuan in the first 10 months of 2024, data from the General Administration of Customs showed on Wednesday. The figure marked a 5.7 percent increase from a year earlier, outpacing the country's total trade growth by 0.5 percentage points during the period, according to the …

China-Vietnam dialogue held in Chongqing on boosting business, trade ties
4 months, 3 weeks ago

China-Vietnam dialogue held in Chongqing on boosting business, trade ties

China Daily  

A dialogue on cooperation in China-Vietnam business, trade and logistics is held in Chongqing's Nan'an district on Friday. As of Oct 30, the China-Vietnam freight trains passing through Chongqing have operated in both directions a total of 132 trips, carrying a combined total of 4,224 standard containers with a cargo value of 1.01 billion yuan. In the first three quarters …

Foreign trade poised for steady growth amid headwinds
Top News
4 months, 3 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

Foreign trade poised for steady growth amid headwinds
4 months, 3 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

China-Vietnam dialogue held in Chongqing on boosting business, trade ties
4 months, 3 weeks ago

China-Vietnam dialogue held in Chongqing on boosting business, trade ties

China Daily  

A dialogue on cooperation in China-Vietnam business, trade and logistics is held in Chongqing's Nan'an district on Friday. As of Oct 30, the China-Vietnam freight trains passing through Chongqing have operated in both directions a total of 132 trips, carrying a combined total of 4,224 standard containers with a cargo value of 1.01 billion yuan. In the first three quarters …

Foreign trade poised for steady growth amid headwinds
4 months, 3 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

By Zhong Nan and Ouyang Shijia in Shanghai | China Daily | Updated: 2024-11-08 07:09 China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers …

China's foreign trade up 5.2% in Jan-Oct period
4 months, 3 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China’s exports grew 12.7% in October, fastest pace in more than 2 years
4 months, 3 weeks ago

China’s exports grew 12.7% in October, fastest pace in more than 2 years

Associated Press  

HONG KONG — China’s exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October, up from $81.7 billion in September. China’s exports to Russia rose …

China's foreign trade up 5.2% in Jan-Oct period
Top News
4 months, 3 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
4 months, 3 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
4 months, 3 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
4 months, 3 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade up 5.2% in Jan-Oct period By Zhong Nan in Shanghai chinadaily.com.cn Updated: Nov 07, 2024 China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year …

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity
4 months, 4 weeks ago

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity

China Daily  

The article emphasizes the importance of fostering non-confrontational and manageable competition between China and the US to benefit the world. It argues that a less aggressive and consensual approach aligns with their security and interests. The writer highlights the differences in military capabilities and economic interdependence between the two countries, emphasizing the need for dialogue and compromise to address global …

Rebuilding Sino-US trust crucial for world
4 months, 4 weeks ago

Rebuilding Sino-US trust crucial for world

China Daily  

In recent years, rising tensions between China and the US have led to bleak predictions of bilateral relations and potentially dangerous global fragmentation. Before 2001, the year China joined the World Trade Organization, 80 percent of the world's countries traded more with the US than with China. Over the past decade, China has invested more than $1 trillion in infrastructure …

Chinese Toymaker Seeks Global Expansion in Emerging Markets
Top News
5 months, 1 week ago

Chinese Toymaker Seeks Global Expansion in Emerging Markets

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Chinese Toymaker Seeks to Boost Exports to Emerging Markets
5 months, 1 week ago

Chinese Toymaker Seeks to Boost Exports to Emerging Markets

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar
5 months, 1 week ago

Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

China's Foreign Trade Soars to Record High in First Three Quarters
5 months, 2 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

China, Vietnam, and Vietnam: A Shared Future Through Economic Cooperation
5 months, 2 weeks ago

China, Vietnam, and Vietnam: A Shared Future Through Economic Cooperation

China Daily  

China Premier Li Qiang's three-day visit to Vietnam signifies the strengthening of bilateral relations between the two countries. The visit will focus on economic and trade cooperation, with a particular emphasis on clean energy, artificial intelligence, and infrastructure projects. It will also provide a platform for further cultural and people-to-people exchanges. The cooperation projects will aim to prevent external forces …

China's Foreign Trade Soars to Record High in First Three Quarters
5 months, 2 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports reached 18.62 trillion yuan, up 6.2 percent year-on-year, while imports rose to 13.71 trillion yuan, up 4.1 percent. This growth is attributed to China's optimization of its exported products, with exports of high-tech equipment increasing by 40 percent year-on-year …

China's Foreign Trade Soars to Record High in First Three Quarters
5 months, 2 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

China's exports showing remarkable resilience despite headwinds
5 months, 2 weeks ago

China's exports showing remarkable resilience despite headwinds

China Daily  

Dongguan in South China's Guangdong province is a busy port on the Pearl River. As of August 2024, China's export share to ASEAN reached 16.7 percent, a 4.4 percentage points increase from the end of 2017. ASEAN's share of US imports has been on a steady upward trend since 2012, reaching 15.3 percent as of June 2024, surpassing China's share …

China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurk
5 months, 3 weeks ago

China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurk

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

China and ASEAN: A Powerful Partnership for Prosperity and Stability
5 months, 3 weeks ago

China and ASEAN: A Powerful Partnership for Prosperity and Stability

China Daily  

China and the ASEAN member states have a strong and flourishing relationship that benefits all parties involved. The two sides have been working together to promote economic growth, improve connectivity, and foster people-to-people exchange. This cooperation has brought tangible benefits to the people on both sides and helped promote broader regional development and integration.

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