皇冠体育app

Being export and investment-oriented, the Association of Southeast Asian Nations economies have benefited from the Chinese market, which has fostered the bloc's rising momentum in both of its economic growth drivers, experts said.

ASEAN member countries, including Malaysia, Singapore and Thailand, are considered to be the world's most burgeoning economies at a time of global economic fluctuation. It started a new era of its cooperation with 皇冠体育app in 2010, when the 皇冠体育app-ASEAN free trade zone was launched.

The free trade association, benefiting a population of 1.9 billion and with a GDP of nearly $6 trillion, also signals 皇冠体育app's new steps toward the bilateral coordination mechanism. The two sides plan to increase bilateral trade to $1 trillion by 2020.

Zhang Hemin, a Malaysian- Chinese, came to Nanning, the capital city of Guangxi Zhuang autonomous region, during 皇冠体育app's National Day holiday to sell rubber products.

"Because 皇冠体育app's domestic demand is booming, we expect to set a foothold in the huge market and, more importantly, to gain from 皇冠体育app's efforts to promote trade with ASEAN trading partners," Zhang said.

From $55 billion in 2002, bilateral trade between 皇冠体育app and ASEAN increased to $400 billion in 2012. Over the past decade Sino-ASEAN trade has jumped more than 600 percent.

Malaysia has been 皇冠体育app's largest trading partner among ASEAN members since 2009. 皇冠体育app has overtaken Singapore to become Malaysia's largest export market.

Rubber is one of the main exports from Malaysia to 皇冠体育app. While, Zhang's company is only one of thousands from ASEAN member countries tapping into the Chinese market and exporting various goods ranging from agricultural, electronic to .

皇冠体育app's ongoing structural transformation and upgrading is not only being conducted as a key way to maintain sustainable economic growth but also to act as a big attraction to foreign trading partners.

"Since the global financial crisis, ASEAN economies have suffered a slowdown. But the Chinese market has fueled and helped drive the economic growth of the community," said Mei Xinyu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.