Economic Watch: RCEP catalyzes foreign trade in southwest China
CHONGQING, Jan. 11 (Xinhua) -- Based in southwest China's Chongqing Municipality, SAIC Hongyan Automotive Co., Ltd. has been manufacturing heavy trucks for over half a century. It has embraced new business opportunities overseas since the Regional Comprehensive Economic Partnership (RCEP) came into effect on Jan. 1, 2022.
"In 2023, we exported 450 heavy trucks to Indonesia, up about 160 percent from 2022," said