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China has been Vietnam's largest trading partner for 13 years, and Vietnam is China's biggest partner in the ASEAN. Chinese President Xi Jinping will begin a state visit to Vietnam on Sunday after attending the 25th Asia-Pacific Economic Cooperation Economic Leaders' Meeting.

China has grown into the biggest market in the Asia-Pacific region and is an important manufacturing base for Assa Abloy, according to Anders Maltesen, president of Assa Abloy Opening Solutions Asia-Pacific.

China has become an important growth driver in services trade in recent years, according to a 2019 report issued by the World Trade Organization. China's own official statistics show that the country's trade in services grew from 4.2 billion in 2015 to 5 billion in 2019, with annual average growth hitting 4.7 percent, ranking second in the world.

China has gradually developed into the largest exporter of manufactured goods and the largest importer of primary products. Last year, it exported about .09 trillion worth goods, about 10 times more than in 1989.

China has been working to deepen household registration reforms, relax restrictions on urban settlement except for several mega-cities, promote coordinated development between cities and towns, as well as increase the population carrying capacity and attractiveness of mid- and small-sized cities.