Over the past 40 years of reform and opening-up, China has achieved remarkable economic development and it has had profound and significant impact on ASEAN. Going forward, enhanced cooperation based on good understanding of each other’s needs, strengths, capacities and priorities will help deepen regional integration and boost mutual benefits.
The 3rd ASEAN+3 Financial Forum (ATFF) with the theme of “Voyage in Growing Uncertainties” will be held back to back with the ASEAN+3 Finance and Central Bank Deputies’ Meeting (AFCDM+3)
ASEAN-China ties go back a long way—China was the first country to sign a free-trade agreement with the bloc back in 2002, and it has been a dialogue partner of ASEAN’s since 1991.
Members of the Advisory Panel (AP) of the ASEAN+3 Macroeconomic Research Office (AMRO) convened today to review and discuss AMRO’s research and surveillance work ahead of the ASEAN+3 Finance and Central Bank Deputies Meeting in Busan, Korea in December.
High-level Policy Forum: Aging Populations and their Impact on Fiscal Sustainability in the People’s Republic of China, Japan, and the Republic of Korea Tokyo, Japan | November 22, 2018 (As…
Over the past 40 years, China’s reform and opening-up has led to leapfrogging economic development and the expansion of the country’s role at the regional and global levels, as shown by the close economic ties with its neighbours.
The continued challenges of a changing economic environment are not new to the ASEAN+3 region, which consists of the 10 ASEAN members plus China (including Hong Kong), Japan and Korea. The region has weathered several external shocks in the past decade, including the global financial crisis in 2008 and episodes of risk-aversion and capital outflows.
China’s dramatic socio-economic transformation over the past 40 years can largely be attributed to broad and sustained economic reforms. In its transition lie many lessons for other emerging Asian economies.
We are living very different world compared to two years ago. With a firmer U.S. trade protectionist stance, there is no longer super-power guardian for the multilateral trade system.
AMRO’s October edition of the Monthly Update of the ASEAN+3 Regional Economic Outlook notes that while ASEAN+3 economies continue on a solid growth path, the region is increasingly being tested with a sharper trade-off between financial stability and growth objectives, particularly against the backdrop of escalating trade protectionism and tightening global financial conditions.
