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Politically, China and Vietnam as fellow socialist countries have long been each other's "comrades and brothers" with shared common aspirations in pursuing socialist modernization, and have delivered impressive economic growth and political stability in their own paths. The two countries have engaged in close contact since the normalization of diplomatic relations in 1991, which has developed into a comprehensive strategic cooperative partnership.
Economically, the two countries have been close trading partners owing to the economic comparative advantages, geographic proximity and close diplomatic relations. China has been Vietnam's largest trading partner and important source of foreign direct investment. Despite COVID-19 disruptions, the bilateral trade continued to grow and reached $230.2 billion in 2021. With expanding domestic market of both sides, two-way trade would have greater prospects in the coming years.
China-Vietnam friendship runs deep0
This event highlights the special status of Vietnam in China's foreign relations. The two countries have maintained deep political, economic and cultural ties.1
This event highlights the special status of Vietnam in China's foreign relations. The two countries have maintained deep political, economic and cultural ties.2
This event highlights the special status of Vietnam in China's foreign relations. The two countries have maintained deep political, economic and cultural ties.3
This event highlights the special status of Vietnam in China's foreign relations. The two countries have maintained deep political, economic and cultural ties.4
This event highlights the special status of Vietnam in China's foreign relations. The two countries have maintained deep political, economic and cultural ties.5
Editor's note: Yuan Sha is an assistant research fellow in the Department of American Studies, China Institute of International Studies. The article reflects the author's opinions and not necessarily the views of CGTN.
"Successfully holding the Hainan expo will provide an important boost for the continued recovery of consumption," China's Vice Minister of Commerce Wang Shouwen said at the opening ceremony of the expo.
Despite the impact of COVID-19 this year, the Commerce Ministry is sticking to the strategy of expanding domestic demand. It has introduced a series of measures including promoting the sales of automobiles and smart home appliances.
The second China International Consumer Products Expo (Hainan Expo) starts on Monday in Haikou City, south China's Hainan Province.
The expo features an exhibition area of 100,000 square meters, hosting more than 2,800 local and international brands. The international exhibition area takes up 80 percent of the space, with more than 1,600 brands from 61 countries and regions participating.
The expo will run through July 30.
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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466