China’s trade with Asia-Pacific Economic Cooperation (APEC) economies has soared over the past decade, reaching unprecedented levels. In the first ten months of 2024 alone, trade volume surpassed 21 trillion yuan ($2.91 trillion), marking a historic high.
Eight of China’s top ten trading partners are APEC members, highlighting the significant economic ties within the region. Moreover, China stands as the largest trading partner for 13 APEC economies, showcasing its pivotal role in regional commerce.
The rapid development of China’s economy has not only transformed the country and improved the living standards of its people but has also brought great opportunities and tangible benefits to other APEC economies. From 2014 to 2023, China’s trade with APEC economies totaled an astounding $30.62 trillion.
These figures underscore the deepening integration and mutual growth among APEC members, as they collaborate to enhance economic prosperity across the Asia-Pacific region.
Reference(s):
cgtn.com
