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China-S Korea trade exceeds $360 bn; 2-way investment crosses $100 bn

21 May '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

China-South Korea bilateral trade has exceeded $360 billion, according to the Chinese ministry of commerce, whose spokesperson Shu Jueting recently said the cumulative two-way investment between the two countries has exceeded $100 billion. He attributed the development to the rapid growth in economic and trade ties between the two countries.

The Regional Comprehensive Economic Partnership, which came into force early this year, has offered a broader space to both the countries to deepen economic, trade and investment cooperation, Shu was quoted as saying by state-controlled media.

China is ready to work with South Korea to deepen bilateral trade and investment cooperation and expand new areas for cooperation to benefit the two countries and its people, said Shu.

Fibre2Fashion News Desk (DS)

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