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China’s trade with ASEAN and Belt and Road Initiative countries grows

Beijing, Dec 7 (Prensa Latina) China's foreign trade with the Association of Southeast Asian Nations (ASEAN) and the Belt and Road Initiative (BRI) countries has risen while reducing it with the West, official data showed on Thursday.

According to the General Administration of Customs, China’s exports and imports expanded 1.2 percent year-on-year in November.

The country’s foreign trade stood at 3.7 trillion yuan, about 519.84 billion dollars last month.

Exports and imports stayed unchanged during January-November, compared to the same period in 2022.

During this period, ASEAN strengthened its position as China’s largest trading partner.

Beijing’s exchange of goods and services with ASEAN countries rose 0.1 percent year-on-year, accounting for 15.3 percent of the country’s total trade value.

Meanwhile, its trade with BRI participating nations rose 2.6 percent year-on-year.

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