Aug. 21 (EIRNS)—China’s bilateral trade with members of the Association of Southeast Asian Nations (ASEAN) jumped by 5.6% to $299 billion during the first half of 2020, reflecting the growing development of the Belt and Road Initiative, of which all ten ASEAN nations are members.
The ASEAN grouping is now China’s largest trading. The nations of ASEAN are Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, Brunei, Myanmar, Cambodia, and Laos. During the first half of 2020, China’s trade with Vietnam leapt 18% and with Thailand by 9.2%. The trade involved products of electronics manufacturing, electricity generation, and also river and rail development.
Many nasty critics proclaim the Belt and Road is contracting or dying, but they are living in another world.