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The 19th China-ASEAN Expo and China-ASEAN Business and Investment Summit held in Nanning

Article source:Foreign Trade Development Bureau of the Ministry of Commerce 2022-09-20 22:35:49

The 19th China-ASEAN Expo and China-ASEAN Business and Investment Summit held in Nanning

On September 16-19, the 19th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit (CABIS) opened in Nanning, south China’s Guangxi Zhuang autonomous region.

 

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On the morning of September 16, 2022, the 19th CAEXPO opened in Nanning. Chinese Vice Premier Han Zheng, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks at the opening ceremony. Wang Shouwen, China International Trade Representative (Minister's level) and Vice Minister of MOFCOM attended and delivered a speech. Li Fei, Assistant Minister of MOFCOM, and Wu Zhengping, Director-General of the Trade Development Bureau of MOFCOM attended the opening ceremony.

 

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On the afternoon of September 16, 2022, Li Fei, Assistant Minister of MOFCOM, attended the 2nd RCEP Economic and Trade Cooperation Business Summit & Furthering RCEP Implementation Forum and delivered a speech. Wu Zhengping, Director-General of the Trade Development Bureau of MOFCOM attended the Forum.

 

Themed ‘Sharing RCEP New Opportunities, Building a Version 3.0 China-ASEAN Free Trade Area’, the 19th CAEXPO showcased the new achievements and highlights of the economic and trade cooperation between the two sides.

 

Covering an area of 102,000 square meters, this year’s CAEXPO featured several sections on new energy vehicles, culture and tourism, healthcare and cross-border e-commerce for the first time. 21 high-level forums and more than 80 economic and trade promotion activities were hosted during the expo.

 

China has remained ASEAN's largest trading partner for 13 consecutive years. During the first seven months of this year, their trade with each other surged 13.1 percent year-on-year to $544.9 billion, accounting for 15 percent of China's total foreign trade during the period.

 

As of the end of July, bilateral investment between China and ASEAN had exceeded $340 billion, while the turnover of Chinese enterprises from project contracts in ASEAN countries exceeded $380 billion.