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NEWS UPDATES Asean Affairs   26 September 2013  

ASEAN to overtake US as China's 2nd largest trading partner

ASEAN is expected to surpass the United States as China's second largest trading partner within three to five years, says Deputy Director-General of the Ministry of Commerce Liang Wentao.

He said currently, trading volume between China and the United States was only US$40 billion-50 billion ($50 billion-63 billion) higher than the traded volume with ASEAN.

Looking at the current increasing rate, Liang remained optimistic that ASEAN would very soon overtake the United States to become China's second largest trading partner.

Speaking at a press conference, he said in the first eight months of the year, two-way trade between China and ASEAN reached US$284.31 billion, up 12.5 per cent, year-on-year, accounting for 10.5 per cent of the country's total foreign trade during the same period.

"In 2012, bilateral trade between China and ASEAN totalled US$400 billion with an average annual growth rate of 22 per cent, 7.3 times higher than that of ten years ago.

"However, trade volume between China and the United States rose 6.6 per cent, year-on-year, from January to August this year," he said.

Currently, ASEAN is China's third largest trading partner, after the European Union and the United States.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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