China's economic integration with Asia-Pacific partners reached new heights in 2024, with official data showing trade with APEC members accounting for nearly 60% of the Chinese mainland's total global commerce. The $3.66 trillion exchange underscores Beijing's growing role as both market and manufacturing hub for the world's most dynamic economic region.
Regional Interdependence Deepens
APEC's 21 members – spanning from Chile to Indonesia – now represent 59.3% of China's total trade volume, marking a 2.1% year-on-year increase. This sustained growth comes as multinational corporations increasingly position Chinese production bases to serve both Asian and global markets.
Supply Chain Resilience Focus
Analysts note the figures reflect strategic efforts to strengthen regional supply chains following pandemic-era disruptions. "These numbers show APEC economies doubling down on economic integration," said a Beijing-based trade expert, speaking on condition of anonymity. "China's middle-class expansion makes it both factory floor and consumer market for regional partners."
Digital Trade Accelerates
Cross-border e-commerce flows contributed significantly to the growth, with APEC members adopting streamlined customs procedures developed through China-led digital trade initiatives. The trend aligns with Beijing's push for "high-quality development" through tech-driven economic upgrades.
