Trade Resources Economy China and Asean Trade Growth to Slow Down

China and Asean Trade Growth to Slow Down

Affected by the global economic recovery of uncertainty, this year's the asean countries growth momentum is healthy but conservative.According to the latest issue of the international monetary fund annual economic outlook report this year, the asean five countries (Indonesia,Malaysia,Philippines,Thailand and Vietnam) 2014 annual economic growth rate down to 4.6% from 5.0% previously forecast.

Foreign media said China and southeast Asian trade growth tends to been slow.In addition to affected by the international financial crisis of 2009, the volume of trade of the two sides have been double-digit growth for many years by the end of 2013.In addition to the factors of the slowly economic growth, territorial disputes and political instability seems to have produced a certain influence.

But economic volume smaller myanmar and Laos economic growth rate is still high. The international monetary fund has raised this fiscal year's economic growth forecast up to 8.5%.Though the world bank forecast for economic growth to Laos made a cut last year, but there is still a 7.5% of growth.

For China, asean is the third largest trading partner after the European Union and the United States;For the association of south-east Asian nations, China is the largest trading partner, much more than the European Union and the United States. 

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