The Beijing Hour Chinese premier calls for three-pronged approach to support free trade
May 27, 2025
Chinese Premier Li Qiang advocates for stronger economic ties among China, ASEAN, and Gulf nations to foster free trade. Discussions involve critical updates on Ukraine's weapon supply limits and growing geopolitical tensions. The inaugural ASEAN-GCC-China Summit showcases adaptive strategies for climate resilience and highlights China's agricultural partnerships with Pacific Island nations. Additionally, advancements in humanoid robot competitions capture attention, illustrating China's technological creativity alongside significant cultural celebrations.
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Three-Pronged Free Trade Approach
- China, ASEAN, and GCC aim to create a large shared market to enhance trade flow and resource efficiency.
- The upgraded free trade agreement focuses on market access, supply chain connectivity, digital economy, and green initiatives.
China-GCC Economic Partnership
- China and GCC countries collaborate on energy diversification and advanced technology projects.
- Investments include energy manufacturing in Saudi Arabia and industrial parks in Oman for economic diversification.
ASEAN Navigates Economic Risks
- ASEAN faces economic threats from potential US tariffs and seeks to strengthen trade ties with China and GCC.
- The ASEAN-China free trade area upgrade presents significant growth opportunities amid global uncertainty.