….Since 2020, ASEAN has been China’s largest trading partner. China has been ASEAN’s top trading partner since 2009. Total China-ASEAN trade reached $878 billion in 2021, up from $686 billion in 2020. It had been $9 billion in 1991. China-ASEAN investment was more than US$340 billion by last July, according to the Ministry of Commerce in Beijing.
Interests particularly converge on deepening RCEP – the Regional Comprehensive Economic Partnership, the largest trade deal on the planet. That translates in practice as closer integration of supply chains, infrastructure connectivity and the building of a new international land-sea trade corridor.link