China-ASEAN Expo highlights growing economic ties and tea market expansion in ASEAN markets.

The China-ASEAN Expo (CAEXPO) in Nanning showcased the growing economic ties between China and ASEAN nations, particularly in the tea industry. A milk tea festival featured over 100 brands, highlighting diverse drinks infused with local ingredients. Chinese milk tea brands leverage strong supply chains and innovation to expand in ASEAN markets, with the tea market expected to grow from 193.3 billion yuan in 2023 to 250 billion yuan by 2025, supported by improved logistics and trade initiatives.

September 28, 2024
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