ASEAN's Trade With China Surges To $500 Billion In 7 Months
ASEAN is currently emerging as a global trade beacon. The bloc is expanding its trade relations with China, with new data indicating a blooming trade relationship. In the past seven months, nearly $500 billion worth of trade has been conducted between ASEAN and China, a metric that continues to surge higher with each passing day. Also Read: Ripple: Two Reasons Why Investors Should Hold Their XRP And Not Sell It ASEAN China Trade Blooms On A Meteoric Level Image Source: Pixabay The Association of Southeast Asian Nations has consistently maintained its stature as China’s leading trade partner. The trade metrics between China and ASEAN have reached a historic $596 billion in the first seven months of 2024. According to data from the Chinese General Administration of Customs, this new development marks a 10.5% increase in bilateral trade relations between ASEAN nations and China. GAC further reports that China’s exports to ASEAN now account for 2.36 trillion Chinese yuan, a stark 13.7...