Group 1 - The core viewpoint emphasizes the need for countries to form bilateral and regional free trade agreements as the global trade system is changing, with a focus on how to replicate and reconstruct multilateral systems on a smaller scale [1][4] - The discussion highlights the importance of ASEAN, China, and Europe forming a consensus to lead governance structure reforms, although this is still in its early stages [4][6] - There is a growing trend towards bilateral trade agreements, such as the completion of the China-ASEAN Free Trade Area 3.0 negotiations and the EU-Indonesia trade agreement [4][6] Group 2 - Europe is currently discussing how to closely align with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is seen as an ideal framework for trade agreements [5][6] - The key factor for the success of CPTPP is whether China can join, as the inclusion of more economies is desired [5][6] - The article notes that the global trade landscape is becoming increasingly fragmented, with a rise in bilateral agreements and the internationalization of different currencies, including the renminbi [6][7] Group 3 - The potential for Southeast Asia to strengthen internal integration and develop trade relations not only with the US but also within the region and with third-party countries is discussed [7][8] - There is a significant consumer base in the region, with approximately 4 million middle-income households in China, 200 million in Southeast Asia, and 100 million in India, indicating a growing demand for goods and services [8][9] - The focus should shift from merely adjusting supply chains to maintaining US supply to fostering mutual growth within the region and exploring partnerships with Europe and other areas [8][9]

Core Points - The 22nd China-ASEAN Expo is being held in Nanning, Guangxi, focusing on enhancing regional collaboration and promoting cooperation in industrial and supply chains among China and ASEAN countries [1] - Discussions are centered around the RCEP and the 3.0 version of the China-ASEAN Free Trade Area, emphasizing the importance of maintaining high levels of openness in goods, services, and investments [1] - The ASEAN and China-Japan-South Korea (10+3) region is recognized as one of the most dynamic economic areas globally, with a focus on advanced manufacturing, clean energy, and green agriculture [1] Industry Insights - The RCEP is highlighted as a crucial framework for fostering collaboration and addressing common regional challenges through information exchange and strategic discussions [1] - Financial institutions from China are actively seeking to deepen cooperation with ASEAN countries, particularly in the realm of artificial intelligence and financial services [1] - A report on the cooperation and development of industrial and supply chains among ASEAN, China, Japan, and South Korea was released, advocating for enhanced mechanisms and rule alignment to build a more stable, efficient, and green regional supply chain system [1]