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Another driver of trade between the two sides is the interconnectivity in electronic manufacturing between China and countries like Vietnam, Malaysia and Singapore along the global supply chain, said Li. Integrated circuits, for instance, saw imports from and exports to ASEAN grow 23.8 percent and 29.1 percent in the period.
Ant Financial Services Group has applied for a digital banking license in Singapore, as more Chinese technology powerhouses hasten their pace in expanding their digital offerings beyond the Chinese mainland.

Annual exchanges now exceed 1.5 million, and more than 170,000 Chinese students now study in the UK's universities, colleges, and schools.
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Any trade restrictions, if imposed, would increase costs for US consumers and "could seriously affect" the jobs, the report said. It said the measures would put a brake on global trade, seriously disrupt the market and put global free trade "at great risk."It said US automakers would lose competitiveness and export markets would shrink, affecting US auto-related industries in and outside the country, and "eventually undermine the entire US economy."Japan said up to 624,000 people could lose their jobs in the US if a 25 percent tariff were levied on automobiles and auto parts and other countries took retaliatory measures, citing a study by the Peterson Institute for International Economics.
来源:资阳报