Deepening Regional Cooperation Counters Risks, China's Foreign Trade Expands Its "New Circle of Friends"

Against the backdrop of a reshuffling global political and economic landscape, China is actively leveraging regional economic cooperation to counter external challenges. With the deepening implementation of free trade agreements such as the Regional Comprehensive Economic Partnership (RCEP), China's economic ties with neighboring Asian countries are becoming closer, providing crucial support for stabilizing foreign trade. This trend is partially offsetting the pressure from slowing demand in traditional Western markets.

Taking ASEAN as an example, it continues to hold its position as China's largest trading partner, with deepening cooperation in industrial chain collaboration and the digital economy. Simultaneously, China is accelerating efforts to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), committed to building a broader network of international cooperation. Analysts point out that actively integrating into and shaping regional economic and trade rules, while fostering a diversified "circle of friends," is a key strategy for China's foreign trade to resist global political risks and maintain long-term vitality.

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