The 20th China-ASEAN Expo officially commenced in Nanning, the capital of Guangxi Zhuang Autonomous Region in southern China, on Saturday.
Running for a span of four days, the expo and the China-ASEAN Business and Investment Summit aim to strengthen cooperation and foster economic integration between China and the ASEAN member countries.
Under the theme “Collaborative Efforts for a Harmonious Home and a Shared Future: Advancing High-Quality Development of the Belt and Road and Cultivating a Growth Hub,” the expo underscores the significance of mutual understanding and collaboration in advancing regional development and prosperity, as reported by CGTN.
China has consistently been ASEAN’s largest trade partner for 14 years in a row, and both sides have reciprocally held the title of each other’s largest trade partner for three consecutive years.
Trade between China and ASEAN surpassed $970 billion in 2022, signifying the deepening economic interdependence, as reported by data from the Ministry of Commerce.
The Chinese Foreign Ministry spokesperson, Mao Ning, expressed China’s intent to utilize the expo as a platform for engaging with all stakeholders, seizing opportunities, addressing challenges, and bolstering cooperation.
The expo’s focal points include the high-quality implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP), the promotion of trade and investment liberalization, the enhancement of regional connectivity, and the establishment of an open regional economy, according to the spokesperson.
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