The 21st China-ASEAN Expo & China-ASEAN Commercial and Investment Summit was held from September 24 to 28 in Nanning, Guangxi Zhuang Autonomous Region.
Covering nearly 200,000 square meters, the expo attracted 3,300 enterprises, including more than 700 from ASEAN countries, more than a third of the total. Another 2,000 enterprises participated virtually.
The biggest highlight was a new section on new quality productive forces, including smart technologies, new energy, environmentally friendly materials, bionic robots and digital innovations.
China’s leading exports – new energy vehicles, lithium batteries and photovoltaic products – netted huge orders at the expo. Meanwhile, overseas specialty agricultural products such as durian from Malaysia snagged deals to access the Chinese market.
By the end of the expo, enterprises inked agreements on 109 projects, 93 of which amounted to over 500 million yuan (US$70.2m) each, with nearly 70 percent of the projects in manufacturing.
In early October, the Chinese government announced the conclusion of the latest negotiations for the upgraded China-ASEAN Free Trade Zone 3.0, which will see much more cooperation potential in fields such as the digital economy, green economy, mutual connection of supply chains and development of small enterprises. China and ASEAN have been each other’s biggest trade partner for the last four years.
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