Li Qiang Highlights Vast Potential For ASEAN-GCC-China Economic Collaboration
KUALA LUMPUR, May 27 -- From left: China Premier Li Qiang, Vietnamese Prime Minister Pham Minh Chinh, Cambodian Prime Minister Hun Manet, Thailand's Prime Minister Paetongtarn Shinawatra and Oman Deputy Prime Minister Oman's Deputy Prime Minister for International Relations and Cooperation Affairs Sayyid Asaad bin Tarik al Said, attend a Royal Luncheon in conjunction with the 46th ASEAN Summit and Related Summits at Istana Negara, here. -- fotoBERNAMA (2025) COPYRIGHT RESERVED
KUALA LUMPUR, May 27 -- China's Premier Li Qiang addressing the Gala Dinner and officiation of the ASEAN-Gulf Cooperation Council (GCC)-China Economic Forum 2025 here tonight. --fotoBERNAMA (2025) COPYRIGHT RESERVED
KUALA LUMPUR, May 27 (Bernama) -- Amid a new wave of technological revolution and industrial transformation, Chinese Premier Li Qiang has called on ASEAN and Gulf Cooperation Council (GCC) countries to jointly pioneer core sectors of trilateral development, including cooperation in high-tech industries, while safeguarding industrial and supply chains.
Speaking at the ASEAN-GCC-China Economic Forum on Tuesday evening, Li highlighted the rising challenges of protectionism and unilateralism, stressing that the three regions must steadfastly promote openness and eliminate hostility to unlock broader market opportunities.
He emphasised that while the combined economic scale of the three regions accounts for about one-quarter of the global economy, their current total trade volume only accounts for approximately 5.4 per cent of global trade, indicating vast room and potential for cooperation.
'This indicates a critical entry point for us to strengthen cooperation and accelerate development,' Li said.
Reflecting on public cooperation, he expressed optimism after witnessing vibrant growth during his visit to Malaysia, as well as during his previous trips to the Middle East and Gulf countries last year.
Li noted that each country possesses unique strengths, and deeper collaboration can create powerful synergies.
'This collaboration will deliver higher-quality research and development (R&D) support for innovation platforms, a broader range of applied products, and foster the growth of emerging industries and new business models, thereby boosting the trilateral nations' influence and standing in the global innovation landscape,' he said.
Using the new energy vehicle (NEV) sector as an example, Li revealed that China's NEV production and sales surpassed four million units between January and April this year. He added that over 80 per cent of China's manufacturing sector now operates under the 'Smart Factory' framework.
'NEVs are not only a triumph of the energy revolution but also an integration of intelligent technologies, serving as a major smart hub that accelerates the development of multiple emerging technologies,' he said.
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