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Chinese premier urges joint efforts of China, ASEAN, GCC to build large shared market

China

China

China

Chinese premier urges joint efforts of China, ASEAN, GCC to build large shared market

2025-05-28 16:15 Last Updated At:16:37

Chinese Premier Li Qiang on Tuesday called for joint efforts of China, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council ( GCC) to build a large shared market where resources, technologies and talents flow more efficiently, and trade and investment enjoy greater freedom and convenience.

Li made the call while addressing the ASEAN-China-GCC Summit in Kuala Lumpur, Malaysia.

"Efforts should be made to integrate the markets of the three sides into a large shared market with more efficient mobility of resources, technologies, and talents, along with enhanced trade and investment liberalization and facilitation, so as to fully unlock the huge potential of open development," said Li.

Noting that China is ready to deepen strategic alignment with ASEAN and GCC countries on the basis of mutual respect and equal treatment, Li said the three sides should support each other in addressing new challenges in the course of development, and foster new models of international industrial and economic cooperation.

Chinese premier urges joint efforts of China, ASEAN, GCC to build large shared market

Chinese premier urges joint efforts of China, ASEAN, GCC to build large shared market

President of the Republic of Korea (ROK) Lee Jae Myung has expressed his hope that his upcoming visit to China will help eliminate past misunderstandings and issues, underscoring the importance of ties between the two countries.

At the invitation of Chinese President Xi Jinping, Lee will pay a state visit to China from Jan 4 to 7. It will be Lee's first visit to China since he took office.

In an interview with China Media Group (CMG) in Seoul on Wednesday, Lee acknowledged the existing misunderstandings and issues between the two countries, noting that addressing these issues is a key goal of his visit.

"The current international landscape is turbulent, with escalating issues among various countries. In this context, the relationship between the Republic of Korea and China holds significant importance for us. the ROK and China are deeply interconnected in many areas, including history, economy, geopolitics, politics and security. Northeast Asia's peace, stability, mutual respect, and common prosperity are crucial for both countries," said Lee.

"Admittedly, there have been some misunderstandings and issues between the ROK and China, which have hindered the development of bilateral relations to some extent. Therefore, the purpose of my upcoming visit to China is to minimize or eliminate these past issues, foster a leap in our bilateral relations to a new level, and solidify the ROK and China as partners that mutually support each other's development," he said.

ROK President hopes to reduce misunderstandings with China during upcoming visit

ROK President hopes to reduce misunderstandings with China during upcoming visit

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