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🔥 China-ASEAN Trade Boom Fuels Economic Resilience in Q1

🔥 China-ASEAN Trade Boom Fuels Economic Resilience in Q1

China’s Foreign Trade Sees Steady Growth Amid Global Shifts

China’s foreign trade in goods grew 1.3% year-on-year in Q1 2024, hitting 10.3 trillion yuan ($1.41 trillion), driven by stronger ties with ASEAN nations 📈. Exports surged 6.9% to 6.13 trillion yuan, defying global economic pressures. A top official from the General Administration of Customs (GAC) reassured: "The sky won’t fall" despite challenges 🌏💪.

ASEAN Leads the Charge

ASEAN remained China’s #1 trading partner, with bilateral trade soaring 7.1% to 1.71 trillion yuan — 16.6% of China’s total. Vietnam emerged as the star player within ASEAN, boosting regional supply chain integration and tech-driven partnerships 🚀. Analysts say this reflects ASEAN’s growing role as a hub for Chinese innovation and manufacturing.

What’s Next?

With global markets still shaky, China’s focus on deepening ASEAN ties could be a lifeline for stability. Will this momentum reshape Asia’s economic map? Stay tuned 🌍✨.

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