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.

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" ...

国际货币基金组织(IMF)亚太部主任克里希纳·斯里尼瓦桑日前在华盛顿接受新华社记者专访时表示，持 续的贸易紧张局势正导致亚洲经济增长放缓，亚洲低收入经济体可能遭受尤为严重的冲击。但他同时指 出，中国等主要经济体及区域内较小规模经济体，均具备可观的内需发展潜力。 IMF24日发布亚洲经济增长预测。数据显示，在贸易摩擦升级背景下，亚太地区今年经济增长率将放缓 至3.9%，较此前预测值下调0.5个百分点。斯里尼瓦桑指出，此次下调源于"关税措施、贸易紧张局势、 不确定性加剧以及金融条件收紧"。 他表示，除了增长预期下调之外，IMF还警示经济下行风险。不确定性上升、金融条件进一步收紧以及 外需持续疲软，这些因素都可能对亚太地区经济造成更严重的负面影响。 斯里尼瓦桑警告，一旦美国实施其此前宣布的高关税政策，经济规模较小、收入较低的亚洲国家将遭受 更严重冲击。 斯里尼瓦桑指出，不是所有国家都拥有足够政策空间应对外部挑战。当面临关税等政策冲击、外需萎缩 时，政策调节空间有限的经济体抗风险能力将面临严峻考验。此外，规模较小的国家国际议价能力相对 有限，在贸易谈判中灵活应对的余地也较小，前景不容乐观。 展望未来，斯里尼瓦桑建议亚 ...

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]