With economic cooperation between China and the Association of Southeast Asian Nations strengthening toward a higher level, all parties concerned are expected to embrace institutional opening-up in order to co-create a new future for regional development, officials and experts said during the ongoing China-ASEAN Expo in Nanning, capital of the Guangxi Zhuang autonomous region.
Southeast Asia and China are poised to become one of the key drivers of the world economy following their commitments at this year's ASEAN summit, analysts say.
Southeast Asia has emerged as a global investment hub, with the region serving as a "bright spot "despite global challenges, including geopolitical conflicts, inflationary pressures and economic slowdown, a forum heard on Tuesday.
Three ASEAN members, Singapore, Indonesia, Malaysia, are top three countries which have attracted the most non-financial direct investment from China.
From Cambodian rice, Thai fragrant coconut to Vietnamese passion fruit and durian, a growing number of agricultural products from the countries of the Association of Southeast Asian Nations (ASEAN) now have easier access to the Chinese market since the implementation of the Regional Comprehensive Economic Partnership (RCEP).