Chinese Ambassador to The Bahamas, Her Excellency Yan Jiarong recently addressed the 2025 Bahamas Business Outlook event held at the Baha Mar Resort where she highlighted the economic ties between The Bahamas and China.

Trade between the two countries reached an estimated $1.24 billion in 2024.  Ambassador Yan Jiarong said, “it’s a year on year increase of 172%.  More and more Chinese made products of daily use, home beauty materials and electric vehicles get into the lives of the Bahamian people in reaching their choices, reducing their living costs and helping to improve their well being.  Actually I am not surprised by the big growth in the good trade between China and The Bahamas because China has become the major trade partner of more than one hundred fifty countries and regions in the world. And the total good trade has ranked first in the world for seven or eight consecutive years.”

Jiarong added, “Chinese products are of high quality and very competitive price welcomed by people in various countries.”

The Chinese Ambassador also spoke to the merits of expanded trade between The Bahamas and China.  She said, “Chinese market can really provide a broad stage for Bahamian producers and services.  China is a prosperous market.  Despite rising uncertainties in the global economy China has been steadfastly pursuing the Chinese modernization and high quality development.  China’s economy has been generally stable and continued to gain momentum.  In the first three quarters of 2024 China’s economy grew by 4.8% which is one of the fastest among all major economies.  China’s economy remains a stabilizer and engine for the global economy.  So this is China’s greatest strength and confidence in sharing opportunities and seeking common development with the rest of the world including The Bahamas.”

Bahamas Business Outlook 2025 was held under the theme Prioritizing Inclusive, Sustainable Growth.