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GLOBALink | China's Guangxi forges closer economic ties with ASEAN

NANNING, Sept. 20 (Xinhua) -- The 19th China-ASEAN Expo concluded on Monday in Nanning, the capital of south China's Guangxi Zhuang Autonomous Region, with a record number of deals made.

A total of 267 domestic and international deals have been signed, with an investment of over 400 billion yuan (about 57 billion U.S. dollars), up 37 percent compared to last year.

Guangxi has become an important window for exchanges and cooperation between China and ASEAN countries.

Cassava modified starch is used in paper making, medicine, construction, petroleum and other modern industries. The processing of the starch has been streamlined, thanks to deep cooperation between Guangxi and ASEAN countries.

Lazada's Cross-border Eco-Innovation Service Center (Nanning) has been located in Nanning since the launch of the China (Guangxi) Pilot Free Trade Zone.

The company provides one-stop livestreaming and training services in minority languages for domestic merchants and promotes specialty products for export to ASEAN countries.

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.

According to data provided by Nanning Customs, in the first eight months of this year, Nanning Customs had issued a total of 1,165 RCEP certificates of origin with a value of 541 million yuan (about 78 million U.S. dollars). In August alone, Guangxi's trade with RCEP partner countries reached 32.14 billion yuan, an increase of 22.7 percent year on year.

Official data shows that in the first eight months of this year, trade between China and ASEAN rose 14 percent year on year.

Produced by Xinhua Global Service