Core Insights - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol during the 47th ASEAN Summit enhances the cooperation between the Yangtze River Delta and ASEAN markets, solidifying the region's role in international trade [1] Trade Dynamics - China has maintained its position as ASEAN's largest trading partner for 16 consecutive years, while ASEAN has been China's largest trading partner for 5 years [1] - By 2024, bilateral trade between China and five ASEAN countries (Vietnam, Malaysia, Indonesia, Thailand, Singapore) is expected to exceed 100 billion USD, with trade with Vietnam and Malaysia surpassing 200 billion USD [1] - In the first three quarters of 2025, ASEAN remained the largest trading partner for the Yangtze River Delta, with import and export volume reaching 2.01 trillion CNY, a year-on-year increase of 18.9% [1] Regional Contributions - Shanghai's imports and exports with ASEAN reached 474.82 billion CNY in the first three quarters of this year, growing by 12.5%, significantly higher than the city's overall import and export growth of 5.4% [2] - Zhejiang's exports to ASEAN amounted to 188.52 billion CNY, with a year-on-year growth of 21.7%, highlighting the region's potential in the ASEAN market [3] - Jiangsu's trade with ASEAN reached 791.73 billion CNY, a 22.8% increase, with significant growth in consumer goods and electronic products [4] - Anhui's trade with ASEAN totaled 100.81 billion CNY, growing by 39.8%, with a remarkable 71.0% increase in imports and exports from Hefei [4] Product Categories - In Shanghai, mechanical and electrical products accounted for 61.5% of exports to ASEAN, with significant growth in integrated circuits and mobile phones [2] - Zhejiang's "New Three Samples" (newly emerging products), auto parts, and ships showed impressive growth rates of 49.5%, 28.0%, and 28.6% respectively [3] - Jiangsu saw explosive growth in consumer goods such as cosmetics and daily necessities, alongside strong performance in electronic consumer products [4] Investment and Services - In the first three quarters, Zhejiang issued 488,000 certificates of origin under the China-ASEAN Free Trade Agreement, valued at 142.92 billion CNY, benefiting enterprises by approximately 12.8 billion CNY [3] - Jiangsu's investment in ASEAN countries reached 1.67 million USD, accounting for 25% of the city's total foreign investment [4] - Nanjing's service outsourcing cooperation with ASEAN countries reached 860 million USD in the first half of this year, continuing to grow by 22% [4]
城记 | 一周聚焦:中国-东盟自贸区3.0版升级,长三角开放答卷亮眼
Xin Hua Cai Jing·2025-11-01 12:58