During the 2024 New Year holiday, a bustling scene unfolded at Youyi Pass, also known as Friendship Pass, situated in the border city of Pingxiang in south China's Guangxi Zhuang Autonomous Region, as trucks from both China and Vietnam formed queues for customs clearance.
Exports grew 1.7 percent year on year to 2.1 trillion yuan, while imports edged up 0.6 percent from one year earlier to 1.6 trillion yuan, the data showed.
China is ready to unilaterally open up its industries that it has long-standing traditional advantages in, including manufacturing and services, to businesses from members of the Association of Southeast Asian Nations, experts said on 29th of Oct.
With economic cooperation between China and the Association of Southeast Asian Nations strengthening toward a higher level, all parties concerned are expected to embrace institutional opening-up in order to co-create a new future for regional development, officials and experts said during the ongoing China-ASEAN Expo in Nanning, capital of the Guangxi Zhuang autonomous region.
Southeast Asia and China are poised to become one of the key drivers of the world economy following their commitments at this year's ASEAN summit, analysts say.