China and the Republic of Korea are friendly neighbors. Since the establishment of diplomatic relations in 1992, the two countries have seen increasingly frequent economic and trade exchanges. By 2022, China had been ROK's largest trading partner for 18 consecutive years, and ROK jumped to become China's fourth largest trading partner. According to China's Ministry of Commerce, bilateral trade exceeded USD 360 billion in 2021, and two-way investment exceeded USD 100 billion.