China-ASEAN Economic and Trade Cooperation Revitalizes

2021 marks the 30th anniversary of the establishment of dialogue relations between China and ASEAN. This year, the economic and trade cooperation between the two sides continues to deepen, economic integration is deepening, and multilateral cooperation releases vigorous vitality.

The reason for the rapid growth of trade between China and ASEAN stems from the continuous deepening of economic and trade cooperation between China and ASEAN over the past 30 years. In particular, China and ASEAN signed a free trade agreement to accelerate mutual market opening and promote the development of regional trade and investment liberalization and facilitation.

In 2020, The construction of economic corridors in some Southeast Asian countries is also integrated, such as the construction of the economic corridor between China and Laos, and the construction of the economic corridor between China and Myanmar.

In recent years, cooperation in the digital field between China and ASEAN countries has continued to deepen, which has promoted local economic and social development. More and more Chinese technology companies enter the ASEAN market, playing an important role in enhancing local R&D capabilities, upgrading industries, and improving people's livelihood.

In the future, China will work with ASEAN to increase the level of trade and investment liberalization and facilitation. This is not only a requirement of reality, but also a requirement of leading cooperation with innovation. The two sides will also further support the enhancement of the resilience and sustainability of the regional supply chain, encourage the development of inclusive cooperation platforms, use the potential of technological advancement, cultivate new growth drivers, and work together to address common challenges such as the new crown epidemic and climate change.