China-ASEAN-Gulf: A new commercial hub in the making

Chinese Premier Li Qiang called for stronger South-South economic cooperation at the first China-ASEAN-Gulf tripartite summit in Kuala Lumpur.

This initiative aims to create an integrated market of 2.5 billion consumers, representing nearly 30% of world GDP, in response to uncertainties in international trade.

Trade between these three poles has already surged by 18% in 2023, exceeding *800 billion dollars. China is proposing to accelerate energy and logistics interconnectivity, with a focus on green energy and digital infrastructure.

This unprecedented rapprochement could reshape global economic flows, offering an alternative to unstable Western markets. All that remains is to turn this ambitious vision into reality in the face of the region’s complex geopolitical realities.

source: CGTN