Trade ties with ASEAN will expand to unleash potential

Expo to deepen regional cooperation, inject fresh development impetus

The 18th China-ASEAN Expo and China-ASEAN Business and Investment Summit, with a widely-attended expo and a myriad of high-level forums and events, will deepen economic and trade cooperation between China and the Association of Southeast Asian Nations to benefit development of both sides, government officials and experts said on Thursday.

That will further unleash the growth potential of the regional economy to improve the welfare of its people, while also injecting new development impetus into global economic recovery and growth and the fight against the negative impact of the COVID-19 pandemic as well as rising protectionism, they said.

This year marks the 30th anniversary of the establishment of the China-ASEAN dialogue relations and the event is taking place from Friday to Monday in Nanning, the capital of South China's Guangxi Zhuang autonomous region. It will be held both online and offline, and the forum has a total exhibition area of about 102,000 square meters.

Some 36 Chinese provinces, autonomous regions, municipalities directly under the auspices of the central government and other major cities have organized groups to participate in the expo.

A number of leading Chinese enterprises from sectors such as electric power, building materials, construction machinery and food packaging machinery will participate in the event at the level of organizations of national industrial associations.

Exhibition areas for ASEAN member states will take up to 12,000 square meters, attracting participation by leading enterprises from the region. Enterprises from about 30 Belt and Road Initiative economies, including Pakistan, Poland, South Korea, Japan, Australia, New Zealand, Russia, France and Spain will participate in the special exhibition area for the BRI.

"Events and activities of the expo and summit will shed a highlight on the 30th anniversary of the establishment of dialogue relations of China and ASEAN, to enhance friendly exchanges and all-around cooperation," Jin Yuan, deputy head of the general office of China's Ministry of Commerce, said at a conference held in Nanning on Thursday.

A total of 148 economic and trade promotion activities will be held online and offline, including product promotions and forums on issues in areas such as production capacity cooperation, finance and power, Jin said.

"The ASEAN markets, with different levels of development and resource endowment, have strong economic and trade complementarity with China, and have long been a priority destination for China's foreign trade and outbound investment activities," said Tu Xinquan, dean of the China Institute for WTO Studies at the University of International Business and Economics in Beijing.