China-ASEAN:Tightening Industrial Cooperation and Integrated Supply Chains

China and ASEAN countries are geographical neighbors and share a similar culture.In recent years,the bilateral trade between China and ASEAN countries has been growing continuously.The latest data from the General Administration of Customs shows that the bilateral trade between China and ASEAN has increased from RMB 876.38 billion in 2004to RMB 6.41 trillion in 2023,with an average annual growth rate of 11%,which is 3 percentage points higher than the overall growth rate of China's foreign trade during the same period.

EYE ON EMERGING INDUSTRIES ASEAN(Malaysia)-China Conference on Emerging Industries aims to foster new growth points in China-Malaysia economic and trade cooperation

On June 5,the opening ceremony of the ASEAN(Malaysia)-China Conference on Emerging Industries took place in Kuala Lumpur.The conference was guided and hosted by ASEAN-China Centre(ACC),China International Communications Group(CICG),and Ministry of Investment,Trade,and Industry of Malaysia(MITI),and co-hosted by the CICG Center for Asia-Pacific,National Chamber of Commerce and Industry of Malaysia(NCCIM),Associated Chinese Chambers of Commerce and Industry of Malaysia(ACCCIM),and China Enterprises Chamber of Commerce in Malaysia(CECCM).More than 300 guests from government departments,business communities,and academia of China and Malaysia attended.

Promising Signals--High-standard opening up promotes China-ASEAN high-quality cooperation and development

The third plenary session of the 20th Central Committee of the Communist Party of China(CPC)attracted worldwide attention.The meeting facilitated discussions of the future course of China’s economy,which will also influence the development of the global economy.

China-ASEAN Environmental Cooperation Consensus on eco environmental protection outweighs differences with continued focus on four strategic areas

In response to the severe challenges posed by global climate change and the sustainable development goals of reaching peak carbon emissions and achieving carbon neutrality, green development has become a shared objective and necessity for economic growth and social transformation worldwide. China and the ASEAN countries share extensive common interests and positions on addressing climate change. Both have consistently emphasized green and sustainable development in their pursuit of shared prosperity. They have engaged in extensive practical cooperation in areas such as ecological conservation and clean energy.

BEHIND THE GROWTH OF CHINA-ASEAN TRADE

The first eight months of2024 saw continuous growth of China's trade in goods,with total import and export value reaching28.58 trillion yuan(US$4.01 trillion) and a trade surplus up by 13.6 percent.The main reasons were sustained expansion of global demand,continued optimization of China's foreign trade structure,and the country's vibrant trade withemerging markets such as ASEAN member states and countries involved in the Belt and Road Initiative.

China-ASEAN Technological Cooperation Digital and green technologies remain the focus of cooperation

At the 11th Forum on China-ASEAN Technology Transfer and Collaborative Innovation(hereinafter referred to as the China-ASEAN Innovation Forum)in July 2023,ASEAN Secretary-General Kao Kim Hourn highlighted the pivotal role of technology transfer and innovation in driving economic growth.He emphasized that technology transfer can assist China and ASEAN in bypassing traditional developmental stages.

TOP 10 STORIES OF CHINA-ASEAN COOPERATION IN 2023

China and ASEAN countries are connected by mountains and rivers and share good times and bad.Since China proposed the Belt and Road Initiative and the idea of building a closer China-ASEAN community with a shared future in 2013,the two sides have worked together and forged a path to lasting friendship and common development and prosperity.

AI Empowerment In China-ASEAN Relations As AI advances, it could play a pivotal role in addressing biases and enhancing the strategic partnership to better serve regional stability and drive global progress

The ASEAN Vision 2020,adopted in 1997,aims to create a stable,prosperous,and highly competitive ASEAN Economic Community(AEC).ASEAN is a significant trading partner for China,with annual trade volumes exceeding US$600 billion in recent years.China is ASEAN's largest trading partner,and ASEAN is integral to China's Belt and Road Initiative (BRI).China has invested heavily in ASEAN,particularly in infrastructure,manufacturing,and the digital economy,facilitated by agreements like the ASEAN-China Free Trade Agreement (ACFTA).Both regions are emphasizing digital economic cooperation through initiatives like the ASEAN-China Digital Economy Cooperation Framework.

The China-ASEAN Community with a Shared Future and the Reshaping of the Regional Order

Southeast Asia is among the first regions where China initiated the building of a community with a shared future.It has been 10 years since President Xi Jinping put forward the idea of building a closer China-ASEAN community with a shared future in 2013.Indeed,this idea has become a basic principle and a vision of China and ASEAN in managing their relations.

Top 10 Stories Of China-ASEAN Cooperation in 2022

China and ASEAN became comprehensive strategic partners in 2022,coinciding with the 31st anniversary of China-ASEAN dialogue relations.Throughout 31 years of ups and downs,the two sides have built a solid foundation for cooperation and unlocked great potential for further development of bilateral relations.In a complex international landscape,China and ASEAN have made concerted efforts to overcome difficulties and build a closer community with a shared future.

FORMIDABLE CHINA-ASEAN TIES SET SIGHTS ON FUTURE

Chinese Premier Li Qiang recently attended the leaders’meetings on East Asia cooperation in Jakarta,Indonesia,emphasizing stronger China-ASEAN ties and fruitful regional cooperation prospects.He attended the 26th China-ASEAN Summit,the 26th ASEAN Plus Three(APT)Summit,and the 18th East Asia Summit,saying,“China is ready to work with ASEAN countries to stay true to the original aspiration of unity and self-improvement and uphold the spirit of winwin cooperation so as to build a common home of peace,tranquility,prosperity,beauty,and friendship,”in his address at the 26th China-ASEAN Summit.

DRIVERS OF CHINA-ASEAN COOPERATION ON THE DIGITAL ECONOMY

Digital governance and transformation has become a hot topic worldwide.In recent years,ASEAN has created another economic miracle on the back of the 20-year global digital economy development miracle.In 2021,the digital economy in Southeast Asia reached US$174 billion in gross merchandise value,which is expected to rise to a staggering US$1 trillion by 2030.

CHINA-ASEAN INTEGRATION THRIVES ON SHARED CULTURAL TIES AND MUTUAL BENEFITS

China’s Belt and Road Initiative is now in its tenth year.Practical experience has shown that the countries that comprise the Association of Southeast Asian Nations(ASEAN)make up a favorable region for Chinese entrepreneurs to expand their overseas endeavors,a region that has the potential to evolve into a model area for the BRI.

ASEAN Cybersecurity Policy and China-ASEAN Cooperation

Threats and vulnerabilities in the digital environment have brought extensive cybersecurity risks to all countries’economic and social activities.Cybersecurity and digital security governance are important issues for ASEAN countries,and they are one of the common non-traditional security issues faced by China and ASEAN countries.

Supply Chain Cooperation between China and ASEAN:A Top-Down Approach

The significant relocation of supply chains from China to ASEAN countries did not start with the pandemic.China has been steadily increasing its investment in ASEAN's low valueadded manufacturing sector due to the region's comparative advantage in labor costs.In recent years,changing geopolitics and the restructuring of regional economies in the Asia-Pacific region have accelerated this relocation.

NAVIGATING REGIONAL DYNAMICS--ASEAN’s unwavering path to regional development and stability

From July 21 to 27,Vientiane,the capital of Laos,hosted the 57th ASEAN Foreign Ministers'Meeting(AMM)and related gatherings.Over an intense week,25 ministerial meetings took place,including core ASEAN discussions and dialogues with 11 partner nations.The attendance of representatives from over 30 countries emphasized ASEAN's role as a crucial platform for multilateral engagement.

Innovation and Development Trends in ASEAN Marketing Models in the Digital Age

The digital wave is reshaping the global economic landscape with unprecedented force,especially in the dynamic and promising ASEAN region.Southeast Asia,a multicultural gathering place composed of ten countries,is experiencing profound changes due to the digital revolution,and its marketing model is also displaying new vitality.With soaring internet penetration,widespread use of smartphones,and the booming rise of social media,ASEAN markets have become at the forefront of global digital marketing innovation.This transformation is not only about the application of technology but also involves a comprehensive shift in thinking,consumer behavior,and business strategy.The purpose of this paper is to explore in depth how ASEAN marketing models are innovating in this era and to identify future trends,with a view to providing insights for companies to help them remain competitive in the rapidly changing market.

30 Years of China-ASEAN Dialogue:Join Hands to Create a Civilization of Cooperation

The year 2021 is the 30th anniversary of the establishment of dialogue relations between China and ASEAN.As an old Chinese saying holds,a man should be independent at the age of thirty.For China and ASEAN,this signifies that their relations have become mature at this stage.

ASEAN’s Perception of and Response to China-US Competition

As the most dynamic and successful regional organization,ASEAN plays a unique role in the China-US competition.Despite the limitations of the ASEAN-led series of mechanisms and the“ASEAN way”of decision-making that features a consensus-driven and non-confrontational model,in recent years it has taken the initiative and responded positively and cautiously in managing relations with China and the US as the intensifying competition between the two major powers severely squeezes its political space.The policy choices of ASEAN will not only directly affect its relations with China and the US,but will also impact the China-US relationship.For China,understanding ASEAN’s perception of,and response to,Sino-US competition can help it better understand ASEAN.It can also enhance the level of China’s cooperation with ASEAN,and will be of great practical significance in managing Sino-US competition in Southeast Asia and in stabilizing its neighborhood.

CHINA’S NEW APPROACH TO ECONOMIC DEVELOPMENT:ASEAN will become a hub for promoting synergy between the China-proposed Belt and Road Initiative and the new “dual circulation” development strategy

The global economy has been floundering since the outbreak of the COVID-19 pandemic in the beginning of 2020.Facing growing uncertainty,China unveiled a new economic development strategy of“dual circulation”with domestic and international markets reinforcing each other.