Economic Watch: RCEP deepens industrial chain cooperation between China, ASEAN

Since the Regional Comprehensive Economic Partnership (RCEP) entered into force in January, trade costs have been further reduced among member countries and related companies have seen tangible benefits. Customs data shows that, in the first half of this year, China's trade with ASEAN countries reached 2.95 trillion yuan (about 437.8 billion U.S. dollars), a year-on-year increase of 10.6 percent.