December 15, 2023

China and ASEAN have made remarkable achievements under the Belt and Road Initiative (BRI) in their economic and trade exchanges over the past decade, and the two sides will further strengthen cooperation on expanding trade, maintaining the stability of the industrial and supply chains, and improving supporting services, Xu Jianping, an official from the National Development and Reform Commission (NDRC), China's top economic planner, said on Friday. 

Xu made the remarks at a press briefing when the NDRC released six blue papers on China's achievements on the joint construction of the BRI, covering Chinese medicine, the Green Silk Road, people-to-people bonds and the cooperation achievements realized between China-ASEAN, China-Africa, and China-Latin America and the Caribbean.

Xu highlighted trade, investment and institutional opening-up as the three major cooperation achievements made by the two sides. Bilateral trade surged from $443.6 billion in 2013 to $975.3 billion last year. Cumulative two-way investment exceeded $380 billion as of July this year, and more than 6,500 direct investment enterprises have been set up in ASEAN.

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