China, ASEAN economic cooperation achieves fruitful results: Official

Economic and trade cooperation between China and the Association of Southeast Asian Nations (ASEAN) has achieved fruitful results over the past decade, officials with the Chinese Ministry of Commerce said on Wednesday. Speaking at a press conference, officials from the ministry said that trade between China and ASEAN had experienced an average annual growth rate of 7.5 percent since 2013. China has remained ASEAN's largest trading partner for 15 consecutive years, while ASEAN has remained China's largest trading partner for four consecutive years with the cumulative two-way investment between China and ASEAN countries exceeding US$400 billion by July this year, China Central Television (CCTV) quoted the officials as saying. The officials also said that the 21st China-ASEAN Expo will be held in Nanning, south China's Guangxi Zhuang Autonomous Region, from 24th to 28th September. The 21st China-ASEAN Business and Investment Summit will also be held in Nanning during the period. Source: Emirates News Agenc y