Core Insights - In the first three quarters of this year, China's total import and export value with ASEAN reached 5.57 trillion yuan, marking a year-on-year increase of 9.6%, and ASEAN remains China's largest trading partner [1][2] Trade Performance - China's imports of agricultural products from ASEAN increased by 15.3%, accounting for 19.1% of China's total agricultural imports, with significant growth in fruits entering China via the China-Laos Railway, which rose by 37.8% [1] - Exports of citrus and other agricultural products to ASEAN also saw rapid growth in the same period [1] Trade Facilitation - The completion of key projects like the China-Laos Railway has enhanced trade channels, leading to a 21% year-on-year increase in land transport trade with ASEAN, while water and air transport also experienced significant growth [2] - The ongoing implementation of bilateral free trade agreements and tariff reductions continues to facilitate trade and deepen supply chain integration within the region [1][2] Future Outlook - The completion of negotiations for the China-ASEAN Free Trade Area 3.0 is expected to inject new momentum into bilateral economic relations and provide greater certainty for regional and global trade [2]

Core Insights - ASEAN has become China's largest trading partner, with trade volume reaching 6.99 trillion yuan in the previous year, and a 9.6% year-on-year growth in trade value to 5.57 trillion yuan in the first three quarters of this year [1] Trade Dynamics - The trade relationship between China and ASEAN has deepened, with ASEAN being China's top agricultural product trading partner for eight consecutive years. Agricultural imports from ASEAN increased by 15.3%, accounting for 19.1% of China's total agricultural imports [1] - The "Golden Passage" via the China-Laos Railway has facilitated a 37.8% increase in fruit imports from ASEAN, enhancing consumer access to fresh tropical flavors [1] Industrial Cooperation - The comprehensive implementation of free trade agreements between China and ASEAN has led to tariff reductions and trade facilitation, expanding the scope of industrial cooperation. Exports of textile machinery and raw materials from China to ASEAN grew by 28.2% and 13.4%, respectively, while rubber imports surged by 40.7% [1] Trade Facilitation - The connectivity between China and ASEAN has improved, with a 21% increase in land transport for imports and exports. The completion of key projects like the China-Laos Railway supports deeper economic cooperation [1] - The completion of the China-ASEAN Free Trade Area 3.0 negotiations is expected to inject new momentum into bilateral trade relations and enhance certainty in regional and global trade [1]