China-ASEAN Expo further drives economic, trade cooperation

Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, addresses the opening ceremony of the 21st China-ASEAN Expo and the China-ASEAN Business and Investment Summit in Nanning, south China's Guangxi Zhuang Autonomous Region, Sept. 24, 2024. [Xinhua/Yan Yan]

NANNING -- Participants at the 21st China-ASEAN Expo, which kicked off on Tuesday in Nanning, south China's Guangxi Zhuang Autonomous Region, emphasized the importance of deepening economic and trade cooperation between the two sides.

The opening ceremony attracted about 1,100 participants, including Chinese and foreign leaders, government officials, entrepreneurs, scholars, and representatives from international organizations.

When addressing the opening ceremony of the expo, Chinese Vice Premier Ding Xuexiang said that China is willing to work with the Association of Southeast Asian Nations (ASEAN) to deepen practical cooperation and write a new chapter in building a closer China-ASEAN community with a shared future.

Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, called on China and ASEAN countries to advance open cooperation to a new level.

Both sides should implement the Regional Comprehensive Economic Partnership Agreement (RCEP) with high quality, work for an early conclusion of the negotiations for version 3.0 of the China-ASEAN Free Trade Area (FTA), steadily expand institutional opening-up, and build a more stable and smooth cross-border industrial and supply chain, he added.

The theme of this year's expo focuses on "Upholding amity, sincerity, mutual benefit and inclusiveness for common development, creating a diamond crown new future -- promoting development of a China-ASEAN Free Trade Area 3.0 and high-quality growth of this region."

Speaking at the opening ceremony, China's Vice Minister of Commerce Li Fei said that the mutually beneficial and win-win cooperation between China and ASEAN countries has reached new levels.

Bilateral economic and trade cooperation has continued to upgrade over the years, with positive progress achieved in negotiations for version 3.0 of the China-ASEAN FTA, Li said.

The five-day event covers an exhibition area of nearly 200,000 square meters, with Malaysia as the country of honor.

As part of the 50th-anniversary celebrations of the establishment of diplomatic relations between China and Malaysia, a few related events have been scheduled during the main event, such as the China-Malaysia enterprise cooperation matchmaking, China-ASEAN commodity trading innovation promotion, and the Malaysian durian shopping festival.

In addition, a new section has been introduced to highlight strategic emerging industries, showcasing the latest developments and technologies in fields such as digital technology, new energy and intelligent connected vehicles.

The expo has been standing as a testament to the enduring friendship, cooperation and shared prosperity between China and the ASEAN countries over the years, said Kao Kim Hourn, secretary-general of ASEAN, adding that since its inception in 2004, the expo has evolved into an important platform for dialogue, cooperation and development, covering sectors such as infrastructure, agriculture, technology, education and tourism.

It has made important contributions to the economic integration between ASEAN and China, facilitating investment flows and cross-border economic opportunities, laying the foundation for building a more connected, resilient and dynamic region, Kao added.

The China-ASEAN Business and Investment Summit is held alongside with the expo.

Ren Hongbin, president of the China Council for the Promotion of International Trade, said that the summit this year will feature the new trends and characteristics in China-ASEAN cooperation, with a series of economic and trade exchanges planned, which will better enhance the mutual assistance for industrial development and promote benefit sharing between China and ASEAN countries.

Since the first China-ASEAN Expo was held in 2004, the event has actively built a platform for ASEAN enterprises to enter the Chinese market.

Official data shows that China has remained ASEAN's largest trading partner for 15 consecutive years. In the first seven months of this year, bilateral trade reached 552 billion U.S. dollars, up 7.7 percent year on year.