Group 1 - The core viewpoint of the news highlights the increasing trade relationship between China and RCEP member countries, with a reported trade volume of 5.5 trillion yuan from January to May this year, reflecting a year-on-year growth of 3.9%, surpassing China's overall foreign trade growth by 1.4 percentage points [1] - The RCEP agreement has led to significant reductions in tariffs and improved customs facilitation, benefiting enterprises by enhancing their export capabilities and reducing costs [4][9] - The implementation of RCEP has resulted in 75% of surveyed enterprises reporting an improved business environment, with 53% acknowledging the positive impact of RCEP on their operations [9] Group 2 - The cold chain logistics between China and Laos has been enhanced, with the transportation time for goods like durians and coffee beans from Vientiane to Chengdu being reduced, and overall logistics costs decreasing by 15% [3] - In the textile sector, a company reported an increase in export value to Japan from less than 300 million yuan in 2022 to an expected 450 million yuan in 2024, with a 3% year-on-year growth in the first five months of this year [7] - The import of fruits from ASEAN countries into Guangxi has significantly increased, with 60,500 tons of fruits valued at 4.64 billion yuan imported from January to May, including over 30,000 tons of durians worth more than 1.1 billion yuan [10]

Core Insights - The total execution amount of service outsourcing by Chinese enterprises from January to May 2025 was 640.53 billion RMB, a year-on-year decrease of 2.4% [1] - The offshore service outsourcing execution amount reached 365.71 billion RMB, showing a year-on-year growth of 8% [1] Group 1: Business Structure - The execution amounts for offshore Information Technology Outsourcing (ITO), Business Process Outsourcing (BPO), and Knowledge Process Outsourcing (KPO) were 151.69 billion RMB, 71.51 billion RMB, and 142.51 billion RMB, with year-on-year growth rates of 4.3%, 26.2%, and 4.5% respectively [1] - Business operation services and maintenance services experienced significant growth, with execution amounts of 44.48 billion RMB and 23.66 billion RMB, reflecting year-on-year increases of 20.7% and 46.5% [1] Group 2: Regional Distribution - The 37 service outsourcing demonstration cities in China collectively executed offshore service outsourcing worth 324.72 billion RMB, a year-on-year increase of 8.8%, accounting for 88.8% of the total offshore service outsourcing execution [1] - The Yangtze River Delta region executed offshore service outsourcing worth 190.84 billion RMB, with a year-on-year growth of 6.2% [1] - The Beijing-Tianjin-Hebei region executed offshore service outsourcing worth 39.6 billion RMB, showing a year-on-year increase of 14.3% [1] Group 3: International Market - The top three sources of offshore service outsourcing for China were the United States, Hong Kong, and Singapore, with execution amounts of 69.4 billion RMB, 67.56 billion RMB, and 51.57 billion RMB, reflecting year-on-year growth of 2.6%, 0.7%, and 50.4% respectively, together accounting for 51.6% of the total offshore service outsourcing execution [2] - The execution amount from RCEP member countries reached 112.59 billion RMB, with a year-on-year growth of 24% [2] - The execution amount from countries involved in the Belt and Road Initiative was 123.01 billion RMB, showing a year-on-year increase of 24.7% [2] Group 4: Employment Impact - As of the end of May 2025, the service outsourcing sector in China had absorbed a total of 17.205 million employees, with 11.276 million holding a university degree or higher, representing 65.5% [2] - In the first five months of 2025, the service outsourcing sector added 240,000 new employees, with 168,000 of them holding a university degree or higher, accounting for 70% [2]

Summary of Key Points Core Viewpoint The company intends to change part of the fundraising purpose and delay some fundraising projects due to geopolitical factors and market opportunities in Thailand, prioritizing investment in a new production base in Thailand to meet the urgent needs of automotive manufacturers. Group 1: Fundraising Overview - The company raised a total of RMB 3,514,826,899.52 through the issuance of 60,726,104 A shares at a price of RMB 57.88 per share, with a net amount of RMB 3,498,437,798.43 after deducting issuance costs [1][2] - The total amount of funds to be invested in various projects is RMB 783,429.75 million, with RMB 349,843.78 million planned for investment [2] Group 2: Changes in Fundraising Purpose - The company plans to redirect RMB 38,000.00 million of the uninvested funds from the "Ningbo Qianwan annual production of 1.1 million automotive interior functional parts project and annual production of 1.3 million thermal management systems project" to the "Thailand annual production of 1.3 million thermal management systems project" [2][4] - The change in fundraising purpose accounts for 10.86% of the net amount raised [4] Group 3: Project Delays - The timeline for the "chassis system project" and "interior functional parts project" to reach the predetermined usable state has been extended from July 2025 to July 2026 [4][5] Group 4: Reasons for Changes - The shift in investment is driven by geopolitical factors and the need to follow automotive manufacturers establishing operations in Thailand, which is seen as a strategic move to reduce investment risks [9][10] - Thailand's favorable policies, such as tax incentives and a growing electric vehicle market, make it an attractive location for investment [10][11] Group 5: New Project Details - The new project in Thailand involves establishing a production base with an investment of RMB 64,800.00 million, of which RMB 38,000.00 million will come from the redirected funds [15][16] - The project is expected to generate annual revenue of RMB 182,000.00 million and a net profit of RMB 13,468.00 million, with a financial internal rate of return of 23.03% [16] Group 6: Company’s Strategic Position - The company has extensive experience in the automotive parts industry and aims to leverage Thailand's advantages to enhance its international market presence and reduce trade risks [17][18] - The growing demand for thermal management systems in the electric vehicle sector presents a significant market opportunity for the new project [18]

Core Viewpoint - The Regional Comprehensive Economic Partnership (RCEP) is emerging as a new engine for economic growth in the Asia-Pacific region, promoting regional economic integration amid increasing global uncertainties and trade order instabilities [1][2]. Group 1: Economic Growth and Trade Development - RCEP has significantly boosted intra-regional trade, with over 45% of exports and nearly 54% of imports within the region directed towards member markets, marking increases of approximately 9 percentage points and 12.1 percentage points since 2020, respectively [2]. - The GDP of RCEP members has grown at an average annual rate of 3.5% from 2021 to 2023, surpassing global growth by 0.5 percentage points, and is projected to contribute over 32% to global economic growth from 2023 to 2029, amounting to an increase of $10.9 trillion [2]. Group 2: Regional Integration and Supply Chain - The deep integration of supply chains within the RCEP region is crucial for economic stability, with the share of intermediate goods trade rising from 65.0% to 68.3% of total trade from 2021 to 2024 [3]. - RCEP aims to enhance the zero-tariff coverage rate, which is currently around 70% for China-ASEAN trade, compared to 97% under the China-ASEAN Free Trade Area agreement [3]. Group 3: Future Developments and Expansion - The conditions for establishing a high-level free trade area are maturing, with potential breakthroughs in bilateral and multilateral trade agreements, such as the anticipated signing of the upgraded China-ASEAN Free Trade Area 3.0 [4][5]. - RCEP is also considering expansion, with applications from Hong Kong, Sri Lanka, and Chile, which could enhance regional trade and financial development [5][6]. Group 4: China's Role in RCEP - China, as the largest market in the RCEP region, is expected to play a pivotal role in driving the unified market's formation, with significant growth potential in service industries and urbanization [8][9]. - In 2023, China accounted for 20.1% of RCEP's total exports of consumer goods, surpassing the U.S. by 35.6%, highlighting the importance of tariff concessions and market access for RCEP members [9].

Core Insights - The meeting focused on enhancing trade cooperation between Guangdong and Indonesia under the RCEP framework, aiming to deepen collaboration in digital economy and other sectors [1][2] - The trade volume between Guangdong and Indonesia reached 171.8 billion RMB in 2024, marking a 12.4% year-on-year increase, which constitutes one-sixth of the bilateral trade between China and Indonesia [2] - The Guangdong Provincial Council for the Promotion of International Trade aims to facilitate practical cooperation through various platforms and initiatives, enhancing supply chain collaboration and expanding into high-end sectors [3][4] Group 1 - The meeting served as a platform for discussing cooperation mechanisms, supply chain synergy, trade investment facilitation, and cross-border e-commerce [1] - The Guangdong Provincial Council for the Promotion of International Trade emphasized the importance of leveraging Guangdong's advantages to expand cooperation in digital economy and green energy with Indonesia [2] - The bilateral trade relationship has been strengthened over the past decade, with trade volume projected to reach nearly 150 billion USD in 2024 [2] Group 2 - The meeting resulted in the release of the "RCEP National Investment Legal Guide - Indonesia Edition," which provides legal guidelines for investment and risk prevention [4] - A new initiative called the "New Generation Entrepreneurs Together" exchange program was launched to establish long-term cooperation mechanisms between young entrepreneurs from both regions [4] - The Guangdong Provincial Council for the Promotion of International Trade plans to enhance cooperation with Indonesian business associations to provide various support services for market expansion [3][4]

扫码观看视频 得益于《区域全面经济伙伴关系协定》（RCEP）关税减免政策及冷链物流效率提升，进入中国市场的 东南亚榴莲价格越来越"亲民"；RCEP成员国之间的一般进口货物在48小时内即可实现清关，易腐产品 清关速度更是提至6小时内；中国新能源汽车成为东盟多国街头的绿色风景线，让低碳发展的理念更加 深入人心……近日，2025RCEP区域发展媒体智库论坛在海南省海口市举办，中外代表讲述身边鲜活的 RCEP故事，彰显区域合作的蓬勃生机。 本次论坛以"共建高水平最大自由贸易区"为主题，来自14个国家以及东盟秘书处等多个国际组织的代表 约300人参会，围绕RCEP相关议题展开交流。论坛由中国日报社、中国（海南）改革发展研究院、中国 海洋发展基金会主办，得到博鳌亚洲论坛研究院、海南自由贸易港研究院、海南改革发展研究基金会支 持。 红利释放—— RCEP成为推进区域经济一体化新引擎 在全球贸易环境迅速演变的背景下，RCEP是推动区域经济一体化的关键支柱。要在RCEP框架下，维 护一个基于规则、开放、可预测的贸易体系，并与世界贸易组织原则保持一致。 2024年，RCEP区域内贸易流量总额达到5.7万亿美元；2023年RCEP ...

"面对贸易保护主义带来的冲击，我们并不是束手无策。"正在此间举办的2025RCEP区域发展媒体智库 论坛上，韩国中央大学国际关系研究生院特聘教授安忠荣说，维护多边贸易主义体系，《区域全面经济 伙伴关系协定》(RCEP)承载着很大希望。 2025年是RCEP正式实施的第四年。作为世界人口最多、经贸规模最大、最具发展潜力的自由贸易区， RCEP将如何应对单边主义、贸易保护主义的挑战？在本次论坛上，中外专家学者热议RCEP的调整与 变革。 中国(海南)改革发展研究院当日发布的《2025RCEP发展报告》显示，RCEP生效实施三年多来，成为区 域经济增长的新引擎，区域内货物贸易规模稳步增长，产业链、供应链网络融合发展，区域内中间品贸 易占贸易总额比重由2021年的65%上升至2024年的68.3%。 不过，报告同时指出，RCEP存在规则利用率不高、实施机制不完善等问题，尤其是虽有中国香港、斯 里兰卡和智利申请加入，但尚未实现扩容。 "RCEP处在不进则退的关节点，破解关键是扩容。"中国(海南)改革发展研究院院长迟福林表示，香港 70%的货物贸易和40%以上的服务贸易都在RCEP地区，香港的加入会大大提升RCEP的国际 ...

Core Viewpoint - Experts are urging for the expedited inclusion of Hong Kong into the Regional Comprehensive Economic Partnership (RCEP), highlighting its potential benefits for trade and economic growth in the region [1][2]. Group 1: RCEP Overview - RCEP officially came into effect on January 1, 2022, with applications from Hong Kong, Sri Lanka, and Chile for membership, but no expansions have been realized yet [1]. - The absence of expansion could pose serious challenges to RCEP, which is considered the world's largest and most inclusive free trade arrangement [1]. Group 2: Benefits of Hong Kong's Inclusion - Hong Kong's trade statistics indicate that 70% of its goods trade, over 40% of its service trade, and 60% of its investments are within the RCEP region, suggesting that its inclusion would significantly enhance RCEP's international influence [1]. - The potential role of Hong Kong in RCEP extends beyond traditional trade facilitation, encompassing areas such as the digital economy and green economy, which could accelerate RCEP's growth [1]. Group 3: Unique Advantages of Hong Kong - Hong Kong possesses unique advantages as a free trade port, a global financial center, and a logistics hub, which, combined with its commitment to innovation and regional cooperation, would create mutual benefits for all RCEP members [1]. - The RCEP Joint Committee Chair from ASEAN, Tina Kuniarasari, emphasized the need for a more flexible application process for Hong Kong, considering its cultural and institutional context [2].

Core Insights - The total execution amount of service outsourcing by Chinese enterprises reached 524.75 billion RMB in the first four months of 2025, with a year-on-year growth of 0.8% [1] - Offshore service outsourcing execution amounted to 301.26 billion RMB, showing a significant year-on-year increase of 9.7% [1] Group 1: Business Structure - The execution amounts for offshore Information Technology Outsourcing (ITO), Business Process Outsourcing (BPO), and Knowledge Process Outsourcing (KPO) were 128.62 billion RMB, 59.09 billion RMB, and 113.55 billion RMB, reflecting year-on-year growth rates of 10.3%, 19.6%, and 4.6% respectively [1] - The highest execution amounts were in information technology research services (101.03 billion RMB), business operation services (37.29 billion RMB), and design services (71.12 billion RMB), with respective year-on-year growth of 5.2%, 15.1%, and 6.7% [1] Group 2: Regional Distribution - The 37 service outsourcing demonstration cities collectively executed offshore service outsourcing worth 269.86 billion RMB, a year-on-year increase of 10.7%, accounting for 89.6% of the national total [1] - The Yangtze River Delta region executed offshore service outsourcing worth 153.39 billion RMB, with a year-on-year growth of 6.8% [1] - The Beijing-Tianjin-Hebei region executed offshore service outsourcing worth 33.16 billion RMB, showing a year-on-year increase of 15% [1] Group 3: International Market - The top three sources of offshore service outsourcing for China were Hong Kong, the United States, and Singapore, with execution amounts of 56.74 billion RMB, 56.3 billion RMB, and 46.49 billion RMB, reflecting year-on-year growth of 0.3%, 5.4%, and 59.7% respectively, together accounting for 53% of the total offshore service outsourcing execution [2] - The execution amount from RCEP member countries reached 94.25 billion RMB, with a year-on-year growth of 28.6% [2] - The execution amount from countries involved in the Belt and Road Initiative totaled 101.92 billion RMB, showing a year-on-year increase of 27.5% [2] Group 4: Employment Impact - As of the end of April 2025, the service outsourcing sector had absorbed 17.185 million employees, with 11.263 million holding a university degree or higher, representing 65.5% [2] - In the first four months, the sector added 220,000 new employees, with 156,000 of them holding a university degree or higher, accounting for 70.9% [2]

《区域全面经济伙伴关系协定》（RCEP）联委会第九次会议在日本东京举行 智通财经5月19日电，据商务部消息，5月15日，《区域全面经济伙伴关系协定》（RCEP）联委会第九 次会议在日本东京举行。15个成员国及东盟秘书处派员参会。各方围绕高质量实施协定、新成员加入工 作组职责范围文件、RCEP支持机构建设等议题进行深入讨论，取得积极进展。 中方在会上表示，当前国际经贸体系面临挑战冲击，RCEP各方应携手应对，坚定深化区域合作信心， 共同反对单边主义、保护主义，维护自由贸易和多边主义，以高质量实施RCEP为抓手，积极发挥 RCEP在亚太经济一体化中的引领作用，以自贸合作的确定性应对国际经贸体系面临的挑战。 多个RCEP成员表示将持续致力于高质量实施协定，不断加强和深化区域合作，维护自由贸易体制和以 规则为基础的区域贸易安排，共同应对全球贸易中的不确定性。 ...