New progress has been made in economic and trade cooperation

The new crown pneumonia epidemic cannot stop China’s firm pace of opening up. In the past year, China has continuously strengthened economic and trade cooperation with important trading partners, promoted the continuous growth of bilateral trade, jointly maintained the stability of the industrial chain and supply chain, and provided strong support for the recovery of the regional economy.

What is particularly eye-catching is that the economic and trade cooperation between China and ASEAN, Africa, Russia and other regions and countries has shown strong resilience and vitality, and new progress has been made: China and ASEAN announced the establishment of a China-ASEAN comprehensive strategic partnership on the 30th anniversary of the establishment of a dialogue relationship. ;The 8th Ministerial Conference of the Forum on China-Africa Cooperation passed the “China-Africa Cooperation Vision 2035″; the first 11 months of this year, the volume of Sino-Russian goods trade increased by 33.6% year-on-year, and it is expected to exceed 140 billion U.S. dollars for the whole year, setting a record high… …

The above achievements are all important achievements of China’s continuous expansion of opening up and active construction of an open world economy. With the rise of trade protectionism, China has used practical actions to show the world its grand vision of win-win cooperation.

Zhong Feiteng said that high-level cooperation and development between China and its major economic and trade partners cannot be separated from the high attention and political leadership of the leaders of both sides, and the consensus of mutual development and mutual benefit between the two sides.

At the same time, China has continuously strengthened cooperation with relevant regions and countries in the field of anti-epidemic, which has also provided active support for regional economic recovery, and has played an active role in maintaining the stability of the regional industrial chain supply chain and ensuring the development of bilateral trade.

According to Zhong Feiteng, the value chain trade between China and its major trading partners is increasing rapidly. Especially since the outbreak of the epidemic, the development of the digital economy has proved its unique advantages in the face of epidemic risks. The digital economy will become a new bright spot in the economic and trade cooperation between China and ASEAN, Africa, Russia and other regions and countries in the “post-epidemic era”. For example, China and ASEAN have close manufacturing ties, and bilateral trade is gradually expanding to higher value-added industrial chains, such as strengthening digital economic cooperation such as 5G and smart cities; China actively encourages companies to import non-resource products from Africa, and more and more Many green, high-quality African agricultural products are entering the Chinese market; China and Russia have promising prospects for new growth points in the fields of digital economy, biomedicine, green and low-carbon, cross-border e-commerce, and service trade.

Looking forward to the future, Sun Yi, a PhD student in the Economic Diplomacy Project Group of the School of International Relations, Renmin University of China, said that China should deeply tap the potential of trade cooperation with developing countries and emerging economies, and make it an important pivot country in China’s trading partner network. Manage trade partnerships with developed economies, turn external pressures into internal reforms, while safeguarding their own reasonable interest demands, and actively participate in the establishment of systems that promote economic and trade integration, and promote cooperation with more countries or economies under the multi-bilateral framework To achieve mutually beneficial trade relations.














Source: China Business News Network

Post time: Dec-29-2021