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Media reporters from various countries participated in the press conference of the APEC Business Leaders Summit.
Photo by reporter Sun Guangyong

On November 17, the site of the APEC Business Leaders Summit.
Photo by reporter Zhao Yipu

The Chinese Government Aid Philippine Agricultural Technology Center actively helps the Filipino people increase production and income, get rid of poverty and become rich. The picture shows local farmers working at the China-Philippines Agricultural Technology Center in Nueva Ecija.
Photo by Umali (Published by Xinhua News Agency)

On September 22, at the transportation system theme exhibition held in Mexico City, China's first export rubber-tyred subway vehicle manufactured by CRRC Zhuzhou Machinery Co., Ltd. appeared at the first booth.
Photo courtesy of CRRC ZELC

The main venue of the 29th APEC Informal Leaders’ Meeting is the Queen Sirikit National Convention Center in Bangkok, Thailand.
Photo by Xinhua News Agency reporter Wang Teng

The Asia-Pacific region is an important engine of world economic growth. In recent years, in the face of severe challenges such as the new crown pneumonia epidemic, the Asia-Pacific region has worked hard to give play to its own advantages and innovation traditions, create new growth points such as the Internet and digital economy, blue economy, and green economy, and enhance the level of regional economic integration. As a member of the Asia-Pacific family, China is actively deepening cooperation with all parties, promoting regional connectivity, maintaining the stability and smoothness of industrial and supply chains, and injecting impetus into the recovery and sustainable development of the Asia-Pacific economy.

"Lay a solid foundation for the interconnection of the industrial chain and supply chain"

Put on protective gear and walk into the alcohol spray antivirus corridor for full-body disinfection. After a set of procedures, you can enter the installation workshop of CIMB (Thailand) Spray Pump Co., Ltd. (referred to as CIMB Thailand) located in the Thai-Chinese Rayong Industrial Park. In the workshop, workers are combing and testing a batch of shampoo pressing heads that have just come off the production line.

"This is the last few processes before the product is delivered, and a dust-free environment must be guaranteed." Yu Lele, head of CIMB Thailand, told reporters that 40% of the various plastic pressing heads produced by the company are supplied to Procter & Gamble. "Excellence" is the basis for long-term cooperation with multinational customers. CIMB Thailand Co., Ltd. landed in the industrial park in 2016. At present, the daily production capacity of pump heads has reached 3.2 million, and the daily production capacity of valves has reached 500,000. The plastic pressing head produced by the company not only has a market share of 50% in Thailand, but also covers other ASEAN countries and is exported to Europe and the United States.

"A large number of Chinese companies are based in Thailand and radiate to Southeast Asia, laying a solid foundation for the interconnection of the industrial chain and supply chain." Zhao Bin, President of the Thai-Chinese Rayong Industrial Park, introduced that the industrial park is located in the core area of Thailand's "Eastern Economic Corridor" and is a cooperation between the Chinese and Thai governments. The demonstration park is also one of the first batch of overseas economic and trade cooperation zones in China, and has attracted nearly 180 companies to settle in, covering industries such as automobile and motorcycle parts, new energy, new materials, smart home, machinery and electronics. The industrial park has led Chinese companies to invest over US$4.3 billion in Thailand, and the cumulative industrial output value has exceeded US$24 billion. At present, there are more than 45,000 local employees in the park, which will create as many as 100,000 jobs in Thailand after it is fully developed.

Driving in the industrial park, the reporter can feel the large size and busy atmosphere of the park. There are many factories in the park, and trucks come and go. It often takes 10 to 20 minutes to drive from one company to another for an interview. Many enterprises in the park face the international market and have a large number of customers in Southeast Asia and other countries and regions.

Dunan Metal (Thailand) Co., Ltd. mainly produces and sells air-conditioning and refrigeration accessories. After more than 10 years of development, the overall market share of the company's products in Thailand has reached 30%, and some categories have reached 45% to 50%. "Daikin, Mitsubishi, Fujitsu, LG and other brands are all our customers. In addition to the Thai market, we also export a large number of products to other countries." Natap, the head of the company's technical department, said proudly.

"Whether it is investing in setting up factories, strengthening infrastructure, or promoting trade, it can bring about the free and rapid circulation of elements such as personnel, capital, equipment, technology, and products. It is an important form of strengthening interconnection." APEC Business Consulting Antonio Basilio, executive director of the committee secretariat and chairman of the Philippine National Committee for Pacific Economic Cooperation, told our reporter that the Asia-Pacific is one of the regions with the most economic influence and development potential in the world. Not only can it bring more and greater prosperity to the Asia-Pacific region, but it is also of great significance to the stable development of the global economy.

"Together tap the huge potential of the digital economy"

On November 11, just after night fell, a lively music performance began at Siam Square in Bangkok, Thailand. This is a promotional event specially organized for "Double 11" by Lazada, a Southeast Asian e-commerce platform headquartered in Singapore. On the streets of Jakarta, the capital of Indonesia, "Lazada" also organized similar activities, setting up multiple giant sugar ball machines, and consumers can scan the QR code to draw "welfare" and redeem it on the e-commerce platform.

"Double 11", an online shopping festival that emerged in China, has now been "exported" overseas, taking the lead in developing in the Asia-Pacific region. According to the data report released by "Laizada" Thailand, two hours after the "Double 11" event started this year, the sales of all e-commerce platforms in Thailand increased by 20 times. Across Southeast Asia, 11 minutes after the promotion started, the total sales of about 1 million Southeast Asian sellers on the Lazada platform increased by 124 times.

As Chinese e-commerce companies actively expand overseas markets, overseas consumers have more and better shopping experience. In Indonesia, Chinese e-commerce has established a stable and efficient supply chain infrastructure, and the distribution network covers most provinces in the country. In Mexico, a young man named Andrés Bedoya visited and studied in Bainiu Village, Lin'an, Zhejiang Province, a well-known "e-commerce demonstration village" in China in 2019. He was pleasantly surprised by the vitality of the village given by the digital economy. Soon, he brought the e-commerce "Get Rich" here back to his hometown thousands of miles away. In the past few years, about 1,500 small and micro enterprises in Mexico have embarked on the road of e-commerce. One of the beneficiaries is Thomas, a stone mortar craftsman in Comonfort, Guanajuato, Mexico. He said: "Our sales were very difficult at one time. After the transformation of 'Tianwang', the popularity of our products has been greatly improved. Now, our stone mortars are sold all over the world."

"China has the largest and most mature e-commerce market in the world. Strengthening cooperation with China can jointly tap the huge potential of the digital economy." Ronnie Lins, director of the Center for China Studies in Brazil, said that with the joint construction of the "Belt and Road" The in-depth promotion of cross-border e-commerce and the wide application of cross-border e-commerce, new cooperation models and development formats are emerging all over the world. We look forward to China continuing to use its own experience and technology to help developing countries catch up with the wave of development.

Thai Prime Minister Prayut Chan-o-cha said that APEC regards digital transformation as one of the key issues this year. Economies in the region need to explore the potential of digitalization and promote the development of the digital economy. This will become a catalyst for economic recovery in the Asia-Pacific region and is expected to promote the long-term development of the region. .

"Promoting open cooperation in the region and the world"

Walking into the workshop of Zhongzhi Garment Co., Ltd. on the outskirts of Phnom Penh, Cambodia, the sewing machines are working one after another, and thousands of local workers are busy on multiple assembly lines such as cloth inspection, cutting, sewing, thread cutting, and ironing. After the "Regional Comprehensive Economic Partnership Agreement" (RCEP) took effect, the company's orders increased by 30% compared with the same period last year, and many more orders came from Thailand, the Philippines, and South Korea. "Tariffs have been lowered, raw material imports and garment exports are more convenient, which has opened up more markets in the region for us." Wang Zhilan, the person in charge of the company, said that RCEP has brought great confidence to Cambodia's garment industry. Many garment factories have already established Planning to expand the workshop.

On January 1 this year, RCEP officially came into effect. Members include 10 ASEAN countries and 15 countries including China, Japan, South Korea, Australia, and New Zealand, covering about 30% of the world's population and trade volume. RCEP members joined hands to build the world's largest free trade zone, opening a new stage of Asia-Pacific regional integration development. Enterprises in regional countries have actively used tariff concessions, cumulative rules of origin, trade facilitation, etc., and obtained real benefits.

In some convenience stores in Tokyo, Japan, foods such as shochu, red pepper powder, and nectarines from South Korea are selling very hot this year. "After RCEP took effect, it has greatly boosted the market. With the reduction of tariffs, Korean food will also achieve more sales in other countries such as Japan." said Kim Kyung-hyun, general manager of the Japanese market of CJ Group, South Korea's largest food company.

According to a report jointly issued by the Vietnam National Socio-Economic Information and Forecast Center and the Konrad Adenauer Foundation in Germany, after the RCEP takes effect, the tariffs on electronic components, textiles, clothing and other commodities produced in Vietnam will be greatly reduced, which will help Vietnam strengthen its Participation in regional supply chains drives foreign direct investment in Vietnam. Liang Wenkai, deputy director of the Vietnam National Socio-Economic Information and Forecasting Center, said that RCEP will have many positive impacts on the regional economy, especially the unification of RCEP’s accumulation rules of origin, which will create more opportunities for Vietnam and other Southeast Asian countries to export products to other countries in the region .

Regional economic integration is the driving force behind the long-term strong economic growth in the Asia-Pacific region. Lin Yuhui, Secretary-General of ASEAN, said: "The entry into force of RCEP will help the construction of regional economic integration, promote the formation of a unified production base and product market, create opportunities for regional trade and investment growth, and promote the sustainable recovery of the regional economy hit by the epidemic."

The RCEP negotiations lasted eight years, and China has always been a firm driving force. As the largest economy in RCEP, China's huge market will bring new business opportunities to regional and global companies. According to a report released by HSBC a few days ago, thanks to the advantages of China's ultra-large-scale market and the effective implementation of RCEP and other positive factors, companies from various countries continue to be optimistic about the Chinese market. 93% of the enterprises surveyed in RCEP member countries expect that the effective implementation of RCEP will increase their trade with China. Nalongsa, a Thai coconut businessman, said: "We no longer worry about export orders as before. The adjustment of the industrial chain brought about by RCEP has helped our agricultural products to open up more sales in the Chinese market."

Greenspan, Secretary-General of the United Nations Conference on Trade and Development, believes: "In the context of declining global openness, rising trade costs, and bottlenecks in the supply chain, RCEP promotes the development of trade integration in East Asia and the Asia-Pacific region, which will help promote regional and even global trade. Open cooperation and contribute to the development of the world economy."

"People's Daily" (Version 05, November 19, 2022)

(Editors in charge: Bai Yu, Yang Guangyu)

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