China-CELAC Partnership Marks Decade of Shared Growth in 2025
China and CELAC celebrate a decade of strengthened economic and diplomatic collaboration, with trade doubling since 2015 and new initiatives set for 2025-2029.
News & Insights Across Asia
China and CELAC celebrate a decade of strengthened economic and diplomatic collaboration, with trade doubling since 2015 and new initiatives set for 2025-2029.
China and UAE strengthen economic collaboration as non-oil trade surpasses $90 billion in 2024, with $100 billion target for 2025. New logistics partnerships and 2026 summit signal deepening ties.
China’s foreign trade reached $6 trillion in 2024, marking an increase of over two trillion yuan from the previous year and reinforcing its position as the world’s largest trader in goods.
China and ASEAN are strengthening their partnership through the digital economy, leveraging technology like e-commerce and 5G to drive trade, industrial upgrades, and societal benefits across the region.
Chinese President Xi Jinping’s state visits to Kazakhstan and Tajikistan and attendance at the 24th SCO summit mark significant steps in enhancing China-Central Asia relations and trade partnerships.
The China-Europe Railway Express saw an 11% increase in freight volume in the first seven months of the year, highlighting enhanced trade connectivity between China and Europe.
Shenzhen reports a 34% year-on-year increase in China-Europe freight train shipments in the first half of 2024, enhancing trade links and marking a record high in imports and exports.
China’s 22 Free Trade Zones are leading high-quality reform and opening up, boosting foreign trade and aligning with international economic and trade rules.
The Shanghai Cooperation Organization has significantly contributed to economic recovery among its members, with trade increasing nearly tenfold over two decades.
China and Australia have experienced a 4.1% growth in bilateral goods trade in 2023, highlighting the strength of their Comprehensive Strategic Partnership and reinforcing their positions as key trading partners.
China-Europe freight train services reached a record high in May with 1,724 trips and 186,000 TEUs transported, marking significant growth in transcontinental trade and rail logistics.
China and Uganda are enhancing agricultural productivity through increased cooperation, as trade between Chinese private companies and Africa rose by 12.8% in the first quarter of 2023.
China’s economy shows strong resilience in Q1 2024, with GDP growth of 5.3% year-on-year and total goods trade surpassing 10 trillion yuan, highlighting a clear trend of economic recovery and improvement.
The Sihanoukville Special Economic Zone in Cambodia reported a 38.3% increase in trade in early 2024, highlighting its role in boosting the nation’s economy and advancing development goals.
Russian Prime Minister Mikhail Mishustin’s visit to China marks a significant step in strengthening China-Russia relations, focusing on increased trade, energy cooperation, and strategic economic plans for the coming year.
Belarus is deepening its economic cooperation with China, with trade between the two countries reaching new highs. High-level meetings between leaders highlight the growing importance of their bilateral relationship.
Zambian President Hakainde Hichilema’s visit to China marks a milestone in strengthening decades-long ties, focusing on enhancing cooperation in trade, investment, and key economic sectors.