China-ASEAN relations enter "fast lane": Chinese FM

Time: 2022-07-11

Chinese State Councilor and Foreign Minister Wang Yi said here on Monday that the development of China-ASEAN relations has entered the "fast lane" with fruitful results achieved in bilateral cooperation. Over the past 10 years, the most heartening progress was the thriving economic cooperation and trade between China and ASEAN, he pointed out.

China and ASEAN are each other's largest trading partner. Bilateral trade volume has soared 100 times from 30 years ago and the two-way direct investment has exceeded 310 billion U.S. dollars. The China-Laos Railway is operational. Good progress has been made in the Jakarta-Bandung High-Speed Railway, the China-Thailand Railway, the China-Malaysia and China-Indonesia "twin industrial parks", and a number of other Belt and Road projects, Wang Yi noted.