“Shenzhen, a southern Chinese metropolis, is boosting trade with Thailand, with bilateral trade reaching 92.82 billion yuan ($13.1 billion) in the first 10 months of 2025, up 4.4 percent year-on-year. The city exported 11,000 new energy vehicles (NEVs) to Thailand, marking a 50 percent increase from last year, while electric vehicle exports surged 99.1 percent to 1.28 billion yuan.”
“Policy incentives like the China-ASEAN Free Trade Agreement and RCEP, along with green customs channels, have accelerated this growth. Over 700 certificates of origin were issued for BYD goods worth 690 million yuan, saving the company more than 30 million yuan in tariffs. Shenzhen’s high-tech exports, including electrical equipment and computer parts, rose 25.3 percent and 63.1 percent, respectively, reflecting a shift toward higher-value goods.”