CHINA will further promote regional economic integration and accelerate negotiations on version 3.0 of the China-Asean free trade agreement (FTA), Chinese Ministry of Commerce spokesman He Yadong was quoted as saying by the Securities Daily on Saturday.
CHINA will further promote regional economic integration and accelerate negotiations on version 3.0 of the China-Asean free trade agreement , Chinese Ministry of Commerce spokesman He Yadong was quoted as saying by the Securities Daily on Saturday.This sends a positive signal that Asian supply chain restructuring is accelerating, moving in the opposite direction of protectionism and 'decoupling.
With the continuous improvement of China's technological ecosystem and the promotion of industrial transformation and upgrading, a large quantity of intermediate products including core equipment and components ― are exported to Southeast Asian countries, assembled into final products and reexported.A rise in the trade of intermediate goods is a nearly inevitable result of technological advances. This trend fosters closer industry chain cooperation between China and Asean.
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