Recent headlines about "China's export shock" wreaking havoc in Southeast Asia have sparked controversy on digital platforms. But new data paints a different picture—one of strong partnerships and mutual growth.
According to the Chinese mainland's General Administration of Customs and Ministry of Commerce, trade between the Chinese mainland and ASEAN reached $982.34 billion in 2024, marking a 7.8% year-on-year increase. These figures show that the relationship is not about one side winning and the other losing.
The Chinese mainland's exports, including machinery, electronics, and chemical materials, are key to helping ASEAN countries enhance their manufacturing industries. In turn, ASEAN supplies vital products like agricultural goods, minerals, and electronic parts. For example, Thai rubber and Malaysian palm oil play huge roles in this dynamic exchange.
This robust economic partnership goes beyond numbers. It accelerates industrial upgrades and infrastructure development—from Cambodia's first expressway to Indonesia's high-speed rail—and creates thousands of jobs. Projects like Malaysia's East Coast Rail Link and factories in Thailand and Vietnam underscore the real impact on local employment.
As every music lover knows, the best playlists are built on collaboration rather than competition 😊. In the same way, the China-ASEAN trade relationship is about mutual growth and shared success.
When sensational headlines make noise, remember: the facts tell a story of vibrant cooperation and benefits for both sides. Stay curious and keep informed!
Reference(s):
cgtn.com
