Core Viewpoint - The acceleration of maritime economic connectivity and cooperation between China and ASEAN is expected to significantly impact sustainable economic development and promote a new regional maritime cooperation framework led by collaboration [1][2]. Group 1: Blue Economy as a Common Market - The construction of a China-ASEAN blue economy common market is seen as a "blue engine" for economic growth and regional economic integration [2][3]. - Currently, approximately 30% of ASEAN countries' GDP comes from the maritime economy, while China's maritime economy contributes about 8% to its GDP. By 2024, China's marine production value is projected to exceed 10 trillion yuan, growing by 5.9% year-on-year [4]. - Investment in blue economy sectors between 2020 and 2050 could yield net returns of $8.2 trillion to $22.8 trillion, with an investment return rate of 450% to 615% [4]. Group 2: Economic and Trade Cooperation - Since the signing of the China-ASEAN Free Trade Area 1.0 in 2010, trade cooperation has deepened, with China maintaining its position as ASEAN's largest trading partner for 16 consecutive years [5]. - In 2023, the trade volume between China and ASEAN increased 16.8 times over 20 years, but cooperation in the maritime sector remains fragmented [5]. - The share of marine product trade in total bilateral trade is only 0.6%, indicating significant potential for growth [5]. Group 3: Industry Transformation - Both China and ASEAN face the challenge of industry transformation, particularly in fisheries, where they account for 80% of global aquaculture and 60% of global fish catch [7]. - The demand for renewable energy in ASEAN is expected to increase by 3 to 4 times by 2050, with an average annual growth rate of 6% in renewable power installations from 2021 to 2023 [7]. Group 4: Promoting Marine Tourism - Developing marine tourism is a significant initiative to meet market demand and promote connectivity in the maritime sector [8][9]. - The global cruise tourism market is expected to recover to a growth rate of around 5% by 2028, with China's cruise tourism market projected to reach 14 million passengers by 2030 [9]. Group 5: Renewable Energy Cooperation - From 2000 to 2020, China's public investment in renewable energy projects in ASEAN accounted for about 60% of total foreign public investment received by ASEAN [12]. - In 2023, China's offshore wind power capacity represented 47% of the global total, highlighting the potential for collaborative development in renewable energy [12]. Group 6: Emerging Fields and New Markets - The global marine emerging industries are expected to grow by up to 107% over the next decade, with over 1,000 marine species in the South China Sea identified for medicinal use [15]. - Establishing marine innovation laboratories and public platforms for marine biological resources is recommended to facilitate resource sharing and research [15]. Group 7: Infrastructure and Governance - The development of maritime infrastructure, particularly ports, is crucial as ASEAN countries lag in infrastructure to meet growing trade demands [17]. - The Regional Comprehensive Economic Partnership (RCEP) is seen as a foundational framework for integrating maritime economic rules and standards [18]. Group 8: Hainan as a Hub - Hainan is positioned as a strategic hub for China-ASEAN maritime economic connectivity due to its location and policy advantages [21]. - Initiatives include establishing offshore warehouses and hosting trade expos to enhance trade and cultural exchanges between China and ASEAN [21].