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China expressed grave concerns about the Office of the United States Trade Representative accusing China, in a trade policy document earlier this week, of adopting "hostile policies" in trade activities, according to the Ministry of Commerce and analysts in Beijing.
China has been the largest collective trading partner of the 10-nation ASEAN bloc for 10 consecutive years. The bloc became China's second-largest trading partner in the first half of 2019, with bilateral trade up 4.2 percent year-on-year to 1.85 billion, according to information from the Chinese Ministry of Commerce. Investment between China and ASEAN countries has witnessed stellar growth to reach 5.71 billion at the end of 2018.
China had inked strategic partnership agreements with Central and Eastern European countries and with other member nations of the BRICS (Brazil, Russia, India, China and South Africa), establishing service trade bilateral cooperation mechanism with 14 countries and regions.
China has established multiple economic and trade cooperation zones in BRI countries and generated over 300,000 jobs for local people, Qian said.
China ended its history of no domestically-made vehicles when the first Jiefang truck rolled off the line in 1956. So far, the brand has sold more than 7 million vehicles and has expanded its presence to 80 countries and regions.