ASEAN-China 12.1 billion yuan economic cooperation deals inked

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This aerial photo taken on April 27, 2023 shows the construction site of Lingdingyang bridge, which is part of the Shenzhen-Zhongshan link in south China's Guangdong Province. (Xinhua/Deng Hua)

Seven economic cooperation projects worth 12.1 billion yuan (about 1.7 billion U.S. dollars) between the Guangdong-Hong Kong-Macao Greater Bay Area and ASEAN countries were signed Sunday in the southern Chinese metropolis of Shenzhen.

The signing was completed during the 2023 ASEAN-China Greater Bay Area Economic Cooperation (Qianhai) Forum that ran from July 29 to 30, which covered industrial park construction, digital economy and agricultural cooperation.

The Greater Bay Area-ASEAN International Chamber of Commerce Alliance and the China-ASEAN Think Tank Partnership were established at the forum. The forum also resulted in an initiative concerning a closer Greater Bay Area-ASEAN economic partnership.

The initiative proposes enhanced economic cooperation and strengthened people-to-people connections. Concrete measures include supporting the China-ASEAN Center to set up a representative office in Shenzhen, exploring the establishment of a Greater Bay Area-ASEAN Industrial Development Investment Fund, holding the “Greater Bay Area-ASEAN Youth Innovation and Entrepreneurship Competition,” and establishing a network for cooperation among universities, think tanks, and research institutions from both sides.

More than 150 foreign guests, including representatives from the governments of all 10 ASEAN countries, diplomatic agencies in China, chambers of commerce, think tanks and enterprises, attended the forum

Xinhua News Agency

Founded in 1931, Xinhua News Agency is one of the largest news organizations in the world, with over 10,000 employees across the globe. As the main source of news and information for China, Xinhua plays a key role in shaping the country's media landscape and communicating its perspectives to the world. The agency produces a wide range of content, including text news articles, photos, videos, and social media posts, in both Chinese and English, and its reports are widely used by media organizations around the world. Xinhua also operates several international bureaus, including in key capitals like Washington, D.C., Moscow, and London, to provide in-depth coverage of global events.

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