US replaces China as India's biggest trading partner in FY22
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China is seen as an important partner for the future by the largest share of respondents in a survey in Southeast Asia, knocking Japan from the top perch.

When asked which among the Group of 20 leading economies will be an "an important partner in the future," 48% chose China while 43% picked Japan. The results, released Wednesday, are a reversal of the 2019 poll, which placed Japan in the lead with 51% while China garnered 48%.

China is the biggest trading partner for Indonesia, the Philippines and other members of the Association of Southeast Asian Nations, according to 2020 data from Japan's Ministry of Foreign Affairs. Beijing is also forming closer economic ties in the region through the Belt and Road Initiative, a cross-border infrastructure program.
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