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Chapter 3
Expanding Chinese Interests in ASEAN
China has continued to be ASEAN’s China reached USD 236.91 billion. China’s
top trading partner for more than a decade investment to ASEAN reached 1.24 trillion
successively and ASEAN grew to be Yuan in the first quarter of 2021, which
China’s second largest trading partner is likely to increase further in future. Implications to ASEAN
28
behind the European Union. According With all this investment and economic
to the Ministry of Commerce of China, at the advantages, ASEAN and China will need to
end of December 2019, the accumulated craft their geopolitical and geo-economics Evolving Geo-Strategic Matrix in South China Sea:
two-way investment between ASEAN and path wisely. 29
19
Source: www.tass.com
28 https://asean.org/storage/2020/11/Summary-of-the-RCEP-Agreement.pdf
29 https://www.chinadaily.com.cn/a/201910/10/WS5d9e9db0a3 Among all of the ASEAN’s,regional
cooperation in East Asia.
