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In addition to geographical advantages of doing business with China, there are also cultural reasons. Millions of Chinese citizens reside in ASEAN member nations, so it creates a natural advantage for facilitating trade and commerce (Jun). In recent years, ASEAN nations have seen their trade with China drastically increase. In 2000, the total trade between ASEAN and China was valued at $39.5 billion USD. That figure jumped to $55.2 billion by 2003 (ASEAN web site). Currently, ASEAN has 20 million companies listed with the Chinese, and this accounts for 70 percent of the total listed companies in Southeast Asian stock markets (Jun)...
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