National Development and Reform Commission: Increase financial service innovation in new formats and models such as cross-border e-commerce and digital trade


Published:

2023-09-21

Cong Liang, deputy director of the National Development and Reform Commission of China, said in Nanning, Guangxi on the 17th that China is willing to work hand in hand with ASEAN countries to build a more open, inclusive and resilient regional industrial chain and supply chain system, so that the results of cooperation can be truly beneficial to the people of all countries.

Cong Liang, deputy director of the National Development and Reform Commission of China, said in Nanning, Guangxi on the 17th that China is willing to work hand in hand with ASEAN countries to build a more open, inclusive and resilient regional industrial chain and supply chain system, so that the results of cooperation can be truly beneficial to the people of all countries.
 The China-ASEAN Capacity and Investment Cooperation Forum hosted by the National Development and Reform Commission of China and the People's Government of Guangxi Zhuang Autonomous Region was held in Nanning that day. The forum is one of the high-level forums of the 20th China-ASEAN Expo, with the theme of "improving the level of China-ASEAN industrial chain and supply chain cooperation and promoting mutually beneficial and win-win development of the regional economy".
 Cong Liang said in a speech at the forum that over the years, China and ASEAN have successfully embarked on a path of good neighborliness, friendship and common development. The comprehensive strategic partnership has a good momentum of development and all-round economic and trade pragmatic cooperation has yielded fruitful results, which has effectively promoted regional peace, stability and prosperity. . In order to promote greater development and progress in the regional economy, China and ASEAN must focus on building an economic growth center, promote in-depth integration of industrial and supply chains, improve the quality and efficiency of connectivity cooperation, deepen innovation cooperation in the digital economy, and seize opportunities for green economic development.
 Cong Liang said that China and ASEAN are very large markets with a population of more than 2 billion. Their industrial foundations and resource endowments are highly complementary. The in-depth integrated development of both parties will provide strong support for the stability of the international industrial chain and supply chain. China and ASEAN should continue to promote the orderly development of regional industrial cooperation and consolidate and expand cooperation in traditional fields such as equipment, building materials, resources, electricity, and agriculture. At the same time, we should unblock upstream and downstream supply chain channels and build a more collaborative, efficient and competitive regional industrial cluster and supply chain system.
 As the world moves toward "digitization, networking, and intelligence," the digital economy is becoming a new engine driving economic development. Cong Liang said that it is necessary to combine the new trends and new needs of industrial transformation and upgrading and high-quality development in ASEAN countries, strengthen the docking of digital economic development strategies, and promote the construction of digital infrastructure. Encourage enterprises to cooperate in the fields of e-commerce, smart cities, information services, etc., increase financial service innovation in new business forms and models such as cross-border e-commerce and digital trade, and promote the deepening and solidification of the "Digital Silk Road".
 Cong Liang pointed out that China and ASEAN should jointly promote the green and low-carbon transformation of economic and social development, fully tap the cooperation potential in emerging energy fields such as electric vehicles and photovoltaics, promote the implementation of more environmentally friendly projects, and cultivate new green momentum for regional development.

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