China’s economic engagement with other Asia-Pacific Economic Cooperation (APEC) members continues to flourish, solidifying the region’s significance in China’s trade and investment landscape.
In 2023, China’s trade volume with other APEC members reached $3.5 trillion, comprising 59 percent of the country’s total trade volume. This substantial figure highlights the pivotal role APEC members play in China’s international commerce.
Notably, nine of China’s top ten trading partners were APEC members, underscoring the forum’s importance in driving economic interactions across the Asia-Pacific region. The deepening ties reflect a mutual commitment to economic cooperation and growth among APEC economies.
Experts attribute this growth to several factors, including favorable trade policies, regional economic integration, and the shared goal of promoting sustainable development. The ongoing collaboration among APEC members is expected to further stimulate trade and investment activities.
As China continues to strengthen its relationships with APEC economies, businesses and investors worldwide are keenly observing the emerging opportunities within this dynamic market. The expanding trade ties not only benefit China and its APEC partners but also contribute to the stability and prosperity of the global economy.
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Graphics: China deepens trade and investment ties with APEC economies
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