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People's Daily Online>>China Business

ASEAN, promising market for Chinese firms

(China Youth Daily)

16:39, March 09, 2012

Edited and translated by People's Daily Online

"The trade volume between China and the Association of Southeast Asian Nations (ASEAN) increases by 25 percent on average annually, and it means a huge commercial opportunity for enterprises of both sides,” the secretary-general of the China-ASEAN Center Ma Mingqiang said, “As long as Chinese enterprises find their orientations and bring their advantages into effect, they will be able to accomplish much in ASEAN markets.”

"Since the friendly dialogue mechanism was established more than 20 years ago, the trade volume between China and the ASEAN countries has been growing by 25 percent annually, indicating that the products of China and the ASEAN complement each other very much." Ma said that this complementarity is the major force promoting the growth of the bilateral trade.

According to data from the Ministry of Commerce of China, the trade volume between China and the ASEAN reached 362.33 billion U.S. dollars in 2011, setting a new high record and up 24 percent compared to that of 2010. In January of 2012, the ASEAN exceeded Japan for the first time to be the third largest trade partner of China.

Ma said that the force that drives the trade boom between China and the ASEAN comes from four aspects.

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