Core Viewpoint - The establishment of a China-ASEAN common market is being explored as a significant opportunity for development amidst changing global geopolitical dynamics, emphasizing the need for deeper economic integration and cooperation between China and ASEAN countries [1][6]. Group 1: Economic Integration and Trade - The China-ASEAN Free Trade Area 3.0 negotiations have substantially concluded, paving the way for a higher level of economic integration beyond traditional free trade agreements [1][6]. - ASEAN countries are encouraged to reduce trade barriers and enhance their economic integration to facilitate the establishment of the common market [1][9]. - Trade between China and ASEAN is primarily goods-based, but there is a growing focus on service trade as a key area for future economic integration [1][9]. Group 2: Regional Economic Cooperation - In response to U.S. unilateralism and tariffs, ASEAN and other Asian countries should deepen their economic integration, leveraging the Regional Comprehensive Economic Partnership (RCEP) [2][4]. - The importance of regional economic cooperation is highlighted, with calls for ASEAN to collaborate with China, Japan, South Korea, Australia, and New Zealand to strengthen regional trade ties [2][4]. Group 3: APEC's Role and Future Prospects - APEC serves as a platform for discussing core economic issues, with China playing a constructive role, especially as it prepares to host APEC in 2026 [5][6]. - The integration of various free trade agreements, including RCEP and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is seen as foundational for establishing a future Asia-Pacific Free Trade Area [8]. Group 4: Focus on Emerging Sectors - The upgrade of the China-ASEAN Free Trade Area includes new sectors such as digital economy, green economy, and supply chain connectivity, which align with APEC's goals [6][8]. - There is a strong emphasis on supporting small and medium-sized enterprises (SMEs) in ASEAN to enhance their competitiveness and improve the region's supply chain independence [6][7]. Group 5: Opportunities in Guangdong - Guangdong's infrastructure and development in digital and green economies present significant opportunities for collaboration with ASEAN, particularly in sectors like electric vehicles [10].

21世纪经济报道记者胡慧茵 深圳报道 美国加征所谓"对等关税"的冲击波及全球。4月初，亚太股市出现巨震，投资者越发担心全球经济因美 国关税政策而陷入衰退。 在全球地缘政治经济格局深刻变化的当下，中国和东盟要如何看待中国—东盟共同市场建设的机遇和挑 战？东盟作为全球供应链的重要节点和区域合作的枢纽，中国和东盟要如何在供应链领域展开合作？ 4月26日-27日，第三届中国—东盟经济关系研讨会在深圳举行。本次研讨会以"高水平开放与中国—东 盟共同市场"为主题，由前海国际事务研究院、广州粤港澳大湾区研究院共同主办，邀请到来自新加 坡、越南、泰国、马来西亚等海内外专家和学者，为中国和东盟的合作提供前瞻性思路与务实建议，助 力区域经济的繁荣与稳定。 研讨会期间，主办方发布了两项成果。香港中文大学（深圳）前海国际事务研究院助理研究员赖格就其 新书《东亚的弱区域主义何以有效：超越雁行模式》进行了专题发布，深入探讨"东亚地区为何未能形 成欧盟式经济一体化联盟"这一核心问题。广州粤港澳大湾区研究院研究员柯怡安则在发布报告《探索 建设中国—东盟跨境电商单一市场》时指出，跨境电商已成为中国-东盟产供链合作的关键领域。 "特朗普2.0" ...

Core Viewpoint - The ongoing trade tensions are causing a slowdown in economic growth in Asia, with low-income economies facing particularly severe impacts, although major economies like China have significant domestic demand potential [1][2] Group 1: Economic Growth Forecast - The IMF has revised its economic growth forecast for the Asia-Pacific region to 3.9% for this year, a decrease of 0.5 percentage points from previous estimates due to escalating trade tensions and tightening financial conditions [1] - The IMF warns of economic downside risks, citing rising uncertainty, further tightening of financial conditions, and persistent weak external demand as potential factors for more severe negative impacts on the region's economy [1] Group 2: Policy Recommendations - The IMF suggests that Asian economies should pursue structural reforms to enhance domestic demand and create a balanced development model that emphasizes both internal and external demand [2] - The IMF encourages Asian economies to stimulate consumption and boost private investment to foster a more balanced growth pattern [2] - The importance of deepening regional economic integration is emphasized, with significant trade growth potential among Asian economies [2] Group 3: Trade Agreements - The IMF highlights the benefits of clear, stable, and predictable trade environments, advocating for pragmatic and constructive agreements, whether regional, cross-regional, or bilateral, to stimulate growth through exports [2]

Group 1: E-commerce and Trade Events - The 7th Double Product Online Shopping Festival will be held from April 28 to May 12, focusing on "brand quality and enjoying life" with five major themes [2] - The festival will include key events in Wuxi, Hunan, and various regions, with over 200 supporting activities planned [2] Group 2: Foreign Investment and Engineering Cooperation - In Q1 2025, China's total foreign direct investment reached $40.9 billion, a year-on-year increase of 6.2%, with non-financial direct investment at $35.68 billion, up 4.4% [3] - Investment in Belt and Road countries saw a significant increase, with non-financial direct investment at $8.87 billion, growing by 15.6% [3] - The total revenue from foreign contracting projects was $34.18 billion, up 5.5%, with new contracts signed amounting to $58.67 billion, a 26% increase [3] Group 3: Bilateral Economic Cooperation - President Xi Jinping's recent visit to Vietnam, Malaysia, and Cambodia resulted in multiple economic cooperation agreements, enhancing trade facilitation and supply chain collaboration [6] - The focus is on deepening bilateral economic cooperation and accelerating regional economic integration [6] Group 4: Domestic Trade Initiatives - The "Foreign Trade Quality Products National Tour" aims to integrate domestic and foreign trade, with successful events held in Hainan, Guangdong, and Jiangsu [8] - The initiative has facilitated procurement activities, allowing foreign trade enterprises to expand domestic sales channels [8] Group 5: Trade Fair Highlights - The 137th Canton Fair's second phase features a "Quality Home" theme, showcasing a comprehensive range of home-related products [9] - Over 2,400 participating companies hold national-level innovation and manufacturing accolades, indicating a rise in innovative and green products [9] - The event has attracted 195,851 foreign buyers from 218 countries, reflecting strong international interest in China's economic prospects [9] Group 6: E-commerce Support for Foreign Trade - Major e-commerce platforms are actively supporting foreign trade enterprises in expanding domestic sales, with over 200 procurement events conducted this year [10] - Initiatives include direct procurement contracts exceeding 10 million yuan and the establishment of green channels for easier market entry [10]

Group 1: Trade and Economic Data - In the first quarter, China's exports of flat panel display modules, auto parts, and lithium batteries to ASEAN countries increased by over 20% [1] - Manufacturing products accounted for 90.1% of trade between China and ASEAN [1] - China continues to import components for automatic data processing equipment, printed circuits, and textile raw materials from ASEAN [1] Group 2: Automotive Industry Trends - In March, the Chinese passenger car market saw new energy vehicles become the core growth driver, while the fuel vehicle market showed weak performance [2] - The automotive market in March exhibited a trend of strong performance for some brands while weaker for others [2] Group 3: Corporate Developments - Jiangsu Zhengli New Energy Battery Technology Co., Ltd. was listed on the Hong Kong Stock Exchange, raising approximately HKD 1.005 billion [5] - NIO delivered its 100,000th production vehicle in Shanghai, with total deliveries in Jiangsu, Zhejiang, and Shanghai exceeding 300,000, accounting for nearly half of NIO's total sales nationwide [10] Group 4: Strategic Collaborations - CATL announced a strategic cooperation agreement with Ant Group and Hello, focusing on green smart travel, including smart driving and new energy battery services [8] Group 5: Infrastructure and Innovation - China Petroleum announced the official operation of the country's first cross-regional hydrogen heavy truck corridor, spanning approximately 1,150 kilometers with four hydrogen refueling stations [9]

Group 1 - The traffic volume of the Shenzhen-Zhongshan Bridge reached a new high of 178,400 vehicles on April 4, indicating increased personnel and goods movement between the two city clusters, promoting regional economic integration [1] - Hong Kong's daily average of municipal solid waste disposal has decreased for three consecutive years, from 11,400 tons in 2021 to 10,500 tons in 2024, a reduction of 3.4% compared to 2023 and 7.5% compared to 2021, reflecting the government's efforts in waste reduction and recycling [2] - The construction of the 19.2-kilometer underwater tunnel for the Guangzhong High-Speed Railway has been completed, facilitating the connection between Guangzhou and Zhanjiang, and significantly shortening travel time within the Guangdong-Hong Kong-Macao Greater Bay Area [3] Group 2 - The Shenzhen Public Rescue Team is expected to return from Myanmar on April 7 after completing rescue operations, showcasing China's commitment to international humanitarian efforts [4] - The Shenzhen Component Index closed at 10,365.73 points on April 3, down 1.40%, indicating a decline in market performance [5] - The top gainers in the Shenzhen market included Meino Biological with a 20.03% increase, and the biggest losers included Jiangxin Furniture with a 20.00% decrease [6]