On the 25th, the reporter of economic information daily learned at the regular press conference of the Ministry of commerce that in the first 10 months of this year, the trade volume between China and ASEAN has reached US $703.3 billion, a year-on-year increase of 30%, and the whole year will reach a new record high. On the basis of deepening bilateral economic and trade cooperation, the construction of version 3.0 of China ASEAN Free Trade Area will be started. On November 22, at the summit commemorating the 30th anniversary of the establishment of China ASEAN dialogue relations, the leaders of the two sides jointly announced to upgrade China ASEAN relations to a comprehensive strategic partnership, setting a new milestone in the history of bilateral relations. Shu jueteng, spokesman of the Ministry of Commerce, said that over the past 30 years, bilateral economic and trade cooperation has been deepening, economic integration has been deepening, and vigorous vitality has been released. In terms of trade, the scale of China ASEAN trade continues to expand, from less than US $8 billion in 1991 to US $684.6 billion in 2020, more than 80 times. Since 2009, China has remained the largest trading partner of ASEAN for 12 consecutive years; In 2020, ASEAN will become China's largest trading partner for the first time. "In the first 10 months of this year, the trade volume between China and ASEAN reached US $703.3 billion, an increase of 30% year-on-year, and the whole year will reach a new record," Shu Jue Ting said. In terms of investment, China ASEAN two-way investment cooperation is booming, and both sides are important sources of foreign capital to each other. Shu jueteng pointed out that up to now, the cumulative two-way investment between China and ASEAN is about US $300 billion. The two sides have made joint efforts to promote the implementation of a large number of cooperation projects that benefit the national economy and the people's livelihood, accelerate interconnection, have good comprehensive benefits and play a leading role, and have made positive contributions to promoting regional economic and social prosperity and development. "In the next step, we will work with ASEAN to fully implement the important consensus reached by leaders of both sides in the field of economy and trade, start the construction of version 3.0 of China ASEAN Free Trade Area, work together to build inclusive, modern, comprehensive and mutually beneficial China ASEAN Economic and trade relations, and contribute to building a closer China ASEAN Community of common destiny," Shu Jue Ting said. (outlook new era)