FDI as seeds for growth in the China-Asean shared future

Yu Tengqun, chairman of the ICC Belt and Road Commission, addresses at the first International Cooperation and Development Conference for Young Entrepreneurs in Beijing on April 25, 2023. [Photo provided to chinadaily.com.cn]

IN 2013, President Xi Jinping, in a speech to Indonesia’s parliament, announced an initiative for China to work with Asean countries for a 21st Century Maritime Silk Road to build together a closer China-Asean community with a shared future.

For a decade, China and Asean have enjoyed growing connectivity, deepening economic integration and robust business ties.