Despite the impact of the pandemic and sluggish global economic recovery, trade between China and five countries along the Mekong river basin has continued to surge. Such trade hit almost $400 billion in 2021, up by 23 per cent year on year. The figures were disclosed at the ongoing Lancang-Mekong Cooperation Week 2022, which opened in Kunming on April 7.In 2016, the Lancang-Mekong Cooperation (LMC) mechanism was launched by six countries—China, Cambodia, Laos, Myanmar, Thailand and Vietnam. It derives its name from a river that is called Lancang in China and Mekong in the five other countries.
The LMC mechanism has since become a landmark cooperation model in the region and continuously injected vitality into regional development, a Chinese state-run news agency reported.
Despite the impact of the pandemic and sluggish global economic recovery, trade between China and five countries along the Mekong river basin has continued to surge. Such trade hit almost $400 billion in 2021, up by 23 per cent year on year. The figures were disclosed at the ongoing Lancang-Mekong Cooperation Week 2022, which opened in Kunming on April 7.#
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