Guangdong and ASEAN's foreign trade imports and exports have maintained growth for 5 consecutive years, and two-way investment has been continuously accelerating
2023-09-18
Within the Huawei exhibition area, there is a constant flow of buyers, and Hongmeng's self-developed intelligent terminal operating system and Internet of Things application products have received much attention; In another exhibition hall, BYD has become a popular "check-in point", and multiple products such as autonomous driving technology robot cars have made stunning appearances. On September 17th, the opening ceremony of the 20th China ASEAN Expo (hereinafter referred to as the "East China Expo") and the China ASEAN Business and Investment Summit was held in Nanning, Guangxi. Entering the East China Expo, the picture of complementary industries and win-win cooperation between Guangdong and ASEAN is clearer: under the new round of technological revolution and industrial transformation opportunities, the trade exchanges between the two sides are closer, cross-border layout is deeper, industrial cooperation is more refined, and new driving forces for economic and trade cooperation are constantly emerging. In the first eight months, imports and exports increased by 3.1%. Guangdong and ASEAN economic cooperation became closer. At this year's East China Expo, BYD meticulously created an exhibition area of over 200 square meters, showcasing multiple new energy vehicles and autonomous technology robotic vehicles, demonstrating its high importance to the ASEAN market. This year marks the 20th anniversary of the establishment of a strategic partnership between China and ASEAN, as well as the 10th anniversary of BYD's entry into the ASEAN market. BYD will actively participate in practical cooperation in emerging industries on the cooperation platform established by China and ASEAN, and contribute to the development of bilateral cooperation. "BYD Chairman and President Wang Chuanfu has publicly stated. The actions of a group of Guangdong exhibitors, including BYD, GAC Trumpchi, GAC Honda, Shenzhen Huawei Technology, BGI Gene, Mindray Biology, and Zhuhai Runding Intelligent, reflect the new trend of economic and trade cooperation between Guangdong and ASEAN: closer trade exchanges, deeper cross-border layout, and more refined industrial cooperation. According to data from the Department of Commerce of Guangdong Province, from 2018 to 2022, the import and export scale of foreign trade between Guangdong and ASEAN has maintained growth for five consecutive years. In 2020, ASEAN surpassed Hong Kong as Guangdong's largest trading partner for the first time, and this position has been maintained to this day. The positive growth trend of bilateral trade is continuing to expand. According to the latest statistics from the Guangdong Branch of the General Administration of Customs, in the first eight months of this year, Guangdong's imports and exports to ASEAN amounted to 857.72 billion yuan, a year-on-year increase of 3.1%; Among them, exports amounted to 492.57 billion yuan, a year-on-year increase of 11.6%. In terms of scale, Vietnam, Malaysia, and Thailand are the top three trading partners, accounting for 61.9% of Guangdong's total import and export value to ASEAN; In terms of growth rate, Guangdong's import and export growth rates to Laos, Myanmar, and Singapore ranked among the top three, with growth rates of 120.6%, 44.4%, and 32.3%, respectively. In terms of foreign contracting projects, in 2018, Guangdong's newly signed contracts and revenue for foreign contracting projects in ASEAN accounted for 20.66% and 20.78% of the overall market, respectively; In 2022, the above two ratios have increased to 22.83% and 25.73% respectively. A tower near the water catches the moon first. For ASEAN, Guangdong is the first stop to enter the Chinese market; For China, Guangdong is an important hub for moving towards ASEAN. The long-standing historical connections between the two sides have become an important link for cross regional economic cooperation. Nowadays, more and more Guangdong enterprises are "walking on two legs", striving to maximize industrial layout and resource allocation efficiency: while focusing on investment and factory construction, promoting localized development; While focusing on cross-border e-commerce, enjoy
Edit：Hu Sen Ming Responsible editor：Li Xi
Source：GD TODAY
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