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Free trade, AI make China-ASEAN economic cooperation closer, more fruitful
Globenewswireยท 2025-09-18 06:53
Core Insights - China and ASEAN are enhancing their integration amid global uncertainties and rising protectionism [1] - The conclusion of the China-ASEAN Free Trade Area 3.0 upgrade negotiations aims to strengthen economic ties, covering new areas like digital economy and green development [3] Economic Cooperation - The 22nd China-ASEAN Expo showcases over 3,200 exhibitors from 60 countries, highlighting the growing cooperation momentum between China and ASEAN [4] - The expo features significant areas such as AI, green technologies, and new energy vehicles, indicating strong growth prospects in China-ASEAN economic cooperation [5] Digital Infrastructure - China's investments in digital infrastructure, particularly in the 5G sector, are accelerating, with major tech companies involved in related projects [6] - Guangxi serves as a key gateway for cross-border cooperation with ASEAN, enhancing regional integration [6] AI Collaboration - AI is becoming a central element for future collaboration, with ASEAN countries keen on digital transformation and cooperation with China [7] - The establishment of AI innovation centers and partnerships, such as the one between Guangxi Beitou IT and MY E.G. Services, emphasizes the focus on AI and related technologies [8] Trade Dynamics - China has been ASEAN's largest trading partner for 16 consecutive years, while ASEAN has been China's largest trading partner for five years [9] - The cooperation between China and ASEAN is viewed as a stable model in the context of global trade volatility, with potential for dynamic economic outcomes [10]