Singapore set to be RMB gateway to Asean region

Trade lines

cargo-yuan

The Association of Southeast Asian Nations (Asean) has seen a dramatic rise in trade and investment with China since the establishment of the free trade area between Asean and China on January 1, 2010. According to figures from DBS, Asean exports to China have increased from $22 billion in 2002 to $195.8 billion at the end of 2012.

Trade between the two regions was dominated by commodity exports to China. But Asean is now the second largest destination for Chinese exports, having surpassed Japan

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