China’s trade with “One Belt, One Road” countries closing in on $1tn

Speaking at a press conference on 8 April 2016, Shen Danyang, News Spokesman for the State Council, said that in 2015, China reported $995.5bn in trade with the “One Belt, One Road” countries. This total accounted for 25.1% of China's total trading volume for that year. Shen also said that China established more than 50 trade cooperation zones in these countries. Zones in Belarus, Thailand and Indonesia greatly boosted China’s going abroad initiative and acted as unique platforms to bolster production capacity and equipment manufacturing cooperation.

In the same year, China completed free trade zone negotiations with ASEAN countries, and made significant progress in key projects including its high-speed train project in Turkey and Kyaukpyu special economic zone in Myanmar.

Shen added that by sponsoring China-Eurasia Expo, China-Southasia Expo, China-Central & Eastern Europe Investment and Trade Expo, and other investment promotion events, China created numerous opportunities for Chinese investors to network with project owners.

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