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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Current Situation and Potential of Trade Cooperation Between China and 10 ASEAN Countries

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DOI: 10.25236/edssr.2022.048

Author(s)

Anqi Zhou

Corresponding Author

Anqi Zhou

Abstract

Based on the data on the import and export trade from 2011 to 2020, it is evident that the overall development of import and export trade between China and the 10 ASEAN countries shows a rapid growth trend, with Vietnam, Malaysia and other countries accounted for relatively large proportion, with Laos, Cambodia, etc. accounted for comparatively small percent. Electromechanical equipment represents an important proportion in import and export trade. In addition, there exist problems of instability in the political situation within ASEAN countries and differences in the internal business environment, as well as the impacts of Covid-19 from the external environment. The development of trade between China and the 10 ASEAN countries needs to adhere to the "Belt and Road" policy, improve infrastructure construction, deepen bilateral trade cooperation, thus consolidating trade partnership and achieve mutual benefit and win-win results.

Keywords

China, ASEAN countries, Trade potential, High-quality development