Bilateral trade between China and Asean rose to $472.16 billion in 2015 from $7.96 billion in 1991, with an annual growth rate of 18.5 percent, Vice Commerce Minister Gao Yan said at a news conference.

During the Jan-May period, bilateral trade fell 7.1 percent year on year to $173.57 billion.

The two sides are trying their best to “get bilateral-trade growth back on track as soon as possible”, Gao said.

China currently is Asean’s biggest trading partner, while Asean is China’s third biggest.

By the end of May, two-way investment had exceeded $160 billion, with Asean remaining a major destination for Chinese companies.