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China pitches itself as alternative to US protectionism after signing expanded ASEAN free trade pact
China signed an expanded version of a free trade agreement Tuesday with the Association of Southeast Asian Nations, with Chinese Premier Li Qiang pitching expanded economic ties with his country as an alternative to the protectionist policies of U.
The free trade area covers a combined market of more than 2 billion people, lowers tariffs on goods, and boosts flows of services and investment.View on euronews
China's economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on the humming of its exporting factories, stoking concerns about deepening structural imbalances.
China's ruling Communist Party says it will focus on speeding up self-reliance in science and technology in the coming five years.
China needs a bolder spending package to mend the finances of households and companies, according to a central bank adviser, as signs of resilience in the economy mask the damage wrought by the trade war with the US.
The ASEAN bloc of Southeast Asian nations and China on Tuesday signed an upgrade to their free trade agreement, which includes sections on digital, the green economy and other new industries, Beijing's Commerce Ministry said.
A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.
China's top leaders have pledged to boost the country's self-reliance in advanced technologies and spur stronger domestic demand over the next five years.
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Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
The July-September data, the weakest pace of growth since the third quarter of 2024, compares with a 5.2% pace of growth in the previous quarter, officials said.
SINGAPORE: Singapore and China on Saturday (Oct 25) signed and renewed agreements to drive cooperation across several areas, including green development, the digital economy and maritime connectivity. The memoranda of understanding were exchanged on the first day of Chinese Premier Li Qiang’s two-day visit to Singapore.