中国与东盟十国全面完成中国—东盟自贸区3.0版谈判 5月20日，中国—东盟经贸部长特别会议以线上方式举行，双方经贸部长共同宣布全面完成中国—东盟自贸区3.0版 谈判。 3.0版谈判于2022年11月启动，历经近两年时间、9轮正式谈判，于2024年10月实质性结束。在各国经贸部长全力协调 和共同推动下，双方全面完成谈判，向签署升级议定书的目标又迈出关键一步。 中国—东盟经贸部长特别会议以视频形式举行 5月20日，商务部部长王文涛以视频形式与东盟轮值主席国马来西亚贸工部长扎夫鲁共同主持召开中国—东盟经贸部 长特别会议。东盟十国经贸主管部门负责人、东盟秘书长等出席会议，东帝汶贸工部长作为观察员参会。会议就支 持多边贸易体制、共同应对全球贸易紧张局势、加强中国—东盟经贸合作深入交换意见，达成重要共识。 王文涛指出，近期个别经济体滥施所谓"对等关税"、实施经济霸凌，严重破坏国际贸易体系，给世界经济带来高度 不确定性。有关做法不符合经济规律，违反市场原则，中方绝不接受、坚决反对。中方始终认为，贸易战、关税战 没有赢家，单边主义、保护主义没有出路，极端施压和威胁不是同各国交往的正确方式。 王文涛表示，中国与东盟是山水相依、 ...

Core Points - The China-ASEAN Free Trade Area 3.0 negotiations have been fully completed, aiming to create an inclusive, modern, comprehensive, and mutually beneficial free trade agreement [1] - The 3.0 version includes nine new chapters focusing on digital economy, green economy, supply chain connectivity, standards and technical regulations, customs procedures and trade facilitation, sanitary and phytosanitary measures, competition and consumer protection, small and medium-sized enterprises, and economic and technological cooperation [1] - This agreement is expected to promote deeper regional economic integration and enhance the integration of production and supply chains between China and ASEAN countries [1] - The next step involves both parties actively advancing their domestic signing and approval processes, with the goal of officially signing the upgraded protocol by the end of the year [1]

Core Viewpoint - The meeting between Wang Yi and Luhut emphasizes the need for China and Indonesia to strengthen cooperation and resist unilateralism and trade bullying in the face of global challenges [1] Group 1: Bilateral Relations - Wang Yi highlighted the importance of adhering to the original intention of establishing diplomatic relations and maintaining independence and autonomy in cooperation with Indonesia [1] - China congratulated Indonesia on becoming a formal member of BRICS, indicating a strengthening of ties and mutual support in international platforms [1] Group 2: Regional Stability and Cooperation - The discussion focused on promoting the Bandung spirit of unity and cooperation to maintain peace and stability in the Asia-Pacific region [1] - There is a commitment to advancing regional economic integration and building a shared community in the Asia-Pacific, which reflects a strategic partnership between China and Indonesia [1]

【环球时报驻韩国、新加坡特约记者 黎枳银 辛斌】在美国加征关税压力持续存在的背景下，日本、韩国等亚太多国GDP和贸易出现衰退或下滑趋势。日本 16日宣布其第一季度GDP按年率下降0.7%。韩国权威智库首次预测今年经济增速将降至0.8%，引发"经济衰退"担忧。亚太经合组织（APEC）15日发表报告 警告称，受美国关税政策影响，今年亚太贸易增长可能几乎停滞。不过，与多国对美贸易萎缩相反，这些国家对中国的出口增长明显，中国成为多国经济增 长的重要支撑。与此同时，亚太多国之间，特别是多国与中国正加紧升级自贸协定的谈判，以深化区域经济一体化。16日，APEC贸易部长会议通过联合声 明，与会各方强调加强区域合作，加快自贸协定谈判，以应对当前全球经济环境的不确定性。 正如APEC报告所预测，受美国关税政策影响，亚太多国经济增长面临压力。日本政府16日公布第一季度GDP数据，第一季度GDP环比下降0.2%，按年率下 降0.7%。第一季度出口下降0.6%。《日经亚洲评论》称，这是日本GDP一年来首次出现萎缩。虽然这主要是受通胀高企导致消费乏力影响，但接受日经调 查的众多经济学家担忧，美国关税影响将导致日本GDP全年萎缩0.4至 ...

Core Viewpoint - The APEC parties are urged to promote regional economic integration by adhering to principles of openness, inclusiveness, and mutual benefit [1] Group 1: Trade and Investment - APEC members should deepen cooperation in trade and investment liberalization and facilitation [1] - The role of artificial intelligence in enhancing trade facilitation is emphasized, aiming to create an open and cooperative supply chain system [1] Group 2: Supply Chain and Standards - There is a call to build an open, inclusive, efficient, and stable global supply chain to provide a stable, fair, transparent, and predictable development environment for businesses [1] - The importance of deepening regional supply chain connectivity and promoting standard alignment is highlighted to achieve deeper interconnectivity [1]

Group 1 - The "Foreign Trade Quality Products Nanjing Event" showcased around 160 high-quality foreign trade companies from the Nanjing metropolitan area, highlighting the vibrant market and consumer interest in foreign products [1] - Nanjing Codier International Trade Co., Ltd. is actively transitioning to domestic sales after successful participation in recent trade shows, indicating a strong domestic market potential [1][2] - The event facilitated cross-regional cooperation among 42 companies from neighboring cities, promoting resource sharing and collaborative development within the metropolitan area [2] Group 2 - Major retailers such as Red Star Macalline and CR Vanguard participated in the event, with over 60 types of foreign trade products now available in Suqian stores, significantly reducing the product introduction cycle to 14 working days [3] - Jiangsu Yijian Tong Information Technology Co., Ltd. is expanding its sales categories beyond digital products, aiming to create win-win situations for foreign trade companies through its enterprise purchasing platform [3]

Group 1 - The "Jingbin Innovation" shield machine has successfully excavated 3.5 kilometers of the Tianjin Airport No. 2 tunnel, which is a key control project of the Jingbin Intercity Railway [1] - The total length of the tunnel is 8,663 meters, with the shield section measuring 7,510 meters, indicating significant progress in the construction [1] - The project team has implemented advanced construction technologies such as intelligent excavation control and green slurry treatment to address the complex geological conditions and enhance excavation efficiency [1] Group 2 - The Jingbin Intercity Railway is a crucial part of the intercity railway passenger network in the Beijing-Tianjin-Hebei region, with the first phase already operational since December 2022 [2] - Once fully operational, the railway will create a large integrated transportation hub at Tianjin Binhai International Airport, facilitating seamless transfers between air and rail travel [2] - The railway will connect with other lines, such as the Jing-Tang Intercity Railway, further improving the regional transportation network and supporting economic integration in the area [2]

Core Points - Chad and the UAE signed a memorandum of understanding to implement a railway project connecting N'Djamena and the port of Douala in Cameroon, with the aim of enhancing strategic infrastructure through technical and financial support from the UAE [2] - The project includes data collection on expected freight volumes, updating feasibility studies by June 2025, and establishing a timeline by December 2025 [2] - Cameroon has been in discussions with Etihad Rail since January 2025, and previous feasibility studies have explored various technical options for the railway [2] - The estimated cost of the railway project exceeds $4.46 billion [2] - The railway project complements ongoing logistics investments, including the recently opened Ayguah-Bongor Bridge, which cost $159 million, and a 226-kilometer road project to the Cameroon border costing €994 million [2] - These infrastructure developments aim to create a multimodal corridor between Douala and N'Djamena, identified as a priority under the Economic Community of Central African States integration initiative and the African Continental Free Trade Area framework [2] Industry Insights - Chad is a landlocked country heavily reliant on the Douala port for foreign trade, with over 80% of its imports transported through this port [3] - In 2023, Chad accounted for 39.3% of Cameroon's exports to Africa, highlighting the significance of the Douala-N'Djamena corridor [3] - The corridor generates approximately $600 million in annual customs revenue for Cameroon, although it faces challenges due to administrative delays [3] - A memorandum signed in November 2024 between the customs authorities of both countries aims to improve transit fluidity [3]

Group 1 - The article emphasizes the importance of Singapore as a strategic partner for Chinese companies looking to expand into Southeast Asia and beyond, especially in the context of regional economic integration and globalization challenges [1][2][3] - The upcoming International Industry Cooperation Conference in Singapore is highlighted as a platform for enhancing bilateral and multilateral cooperation, with around 600 participants expected from China, Singapore, and neighboring countries [1][2] - Singapore's role as a financial, trade, and shipping hub is noted, with its port consistently ranking among the top globally, providing a solid foundation for collaboration with China [2][3] Group 2 - The article discusses the complementary nature of the industries between China and Singapore, particularly in sectors like semiconductors, biomedicine, and petrochemicals, which align well with China's machinery and electrical products [2][3] - Official data indicates that Singapore is China's fifth-largest trading partner in ASEAN, with bilateral trade reaching $81.64 billion in the first nine months of 2024, marking a 2.0% year-on-year increase [3] - Singapore has become the largest source of foreign investment for China, surpassing Japan in 2022, with cumulative investments from Singapore in China amounting to $141.23 billion by the end of 2023 [3] Group 3 - The article highlights the significance of the upgraded free trade agreement between China and Singapore, which aims to enhance economic cooperation through various government and local projects [4] - The geopolitical landscape is discussed, with companies focusing on stable political environments for international business, particularly in Southeast Asia, where many Chinese firms are establishing operations [6] - The need for Chinese companies to comply with local laws and regulations when expanding abroad is emphasized, as it is crucial for fair competition and self-protection [8] Group 4 - The article mentions the potential for collaboration in green trade and low-carbon technologies, with Singapore aiming to become a leading hub for carbon trading in Asia, benefiting from China's advancements in low-carbon technologies [7] - The International Industry Cooperation Conference will feature a focus on green and digital innovations, showcasing achievements in carbon disclosure and green finance [7]

Summary of Conference Call Notes Industry or Company Involved - The discussion primarily revolves around the global economic landscape, with a focus on the impacts of tariffs and trade policies, particularly between the United States and China, as well as implications for Europe and Asia. Key Points and Arguments Economic Impact by Region 1. **China**: The economy is facing challenges due to a prolonged real estate slump and external tariff shocks, leading to a projected growth rate of approximately 3.5% this year and 3% next year. The focus of policy is on expanding domestic demand, technological development, and continued openness [1][5][7]. 2. **Europe**: Despite trade war impacts, Europe is expected to stabilize through fiscal stimulus and increased defense spending, although short-term uncertainties pose challenges to investment and growth [1][8][9]. 3. **Asia**: Initially showing strong growth, the region is now adversely affected by tariff shocks, particularly in countries like Vietnam and South Korea. Regional economic integration and effective trade agreements are emphasized as necessary responses [1][11][12]. Global Economic Outlook 4. The International Monetary Fund has downgraded global growth forecasts, indicating a trend towards de-Americanization of the global economy, with increased regional integration and localized supply chains [1][21]. U.S.-China Relations and Policy Outlook 5. Structural changes in U.S.-China relations are noted, with tariffs serving as a significant demand shock. The U.S. tariff policy is seen as multifaceted and unclear, while China maintains an open stance in trade negotiations [1][3][6][22]. Tariff Effects 6. Tariffs are identified as a major demand shock, with China heavily reliant on domestic demand to counteract external pressures. Additional fiscal policies equivalent to 1.5%-2% of GDP are anticipated to support the economy [1][7][19]. European Economic Dynamics 7. Europe is experiencing a slowdown in growth, with private investment declining and public investment uncertain. The need for enhanced European integration and competitiveness is highlighted [1][8][9][10]. Asian Economic Resilience 8. Prior to April, Asian economies were predicted to grow at 4.9% this year, with strong domestic consumption and export performance. However, tariff impacts are expected to reduce growth rates significantly [1][11][12][13]. Trade Agreements and Regional Cooperation 9. The need for improved execution of trade agreements in Asia is emphasized, as many small and medium enterprises struggle to utilize existing agreements effectively [1][17]. Long-term Structural Changes 10. The discussion suggests a long-term shift towards regional supply chains and a more fragmented global economy, with implications for trade and security policies [1][22][23]. Other Important but Possibly Overlooked Content 11. The potential for the euro to gain a more significant role in the global financial system is discussed, alongside concerns about the stability of the U.S. financial market and the dollar's status as a safe asset [1][24]. 12. The conversation touches on the challenges China faces in balancing domestic economic adjustments with external pressures, including the need for structural reforms and increased foreign investment [1][27][28]. This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the current economic landscape and the implications of ongoing trade tensions.