On Nov 4, Chinese Commerce Minister Wang Wentao signed the "Framework Agreement on Enhancing Economic Partnership" with 5 Pacific island countries' representatives. The agreement covers trade, investment etc., aiming to expand cooperation, build a closer community with a shared future. China will promote win-win negotiations to benefit both sides.

On November 4th, China's Commerce Minister Wang Wentao and Congo (Brazzaville)'s Chris Dyer signed an Early Harvest Arrangement of Economic Partnership Agreement in Shanghai. Congo is the first African country to sign such an arrangement with China. China will implement zero tariffs on 100% of Congo's tariff items, and Congo will open its market to China. China will also promote similar agreements with other African countries and apply zero tariffs to 100% of taxable products from African countries with diplomatic ties.

On November 4, 2025, China and Georgia signed a MoU to end the upgrade negotiations of their Free Trade Agreement (FTA). The FTA (first post-BRI China-Eurasia FTA, effective 2018) will be expanded in SPS, TBT, investment and e-commerce. The upgrade boosts bilateral cooperation, with both sides to complete domestic procedures next.

This article introduces the main goals of economic and social development during China's 15th Five-Year Plan period, including strategic requirements for advancing socialist modernization, scientific connotations from seven aspects (high-quality development, tech self-reliance, reform breakthroughs, etc.), and implementation approaches to achieve these goals.

The 32nd APEC Economic Leaders' Informal Meeting concluded recently. APEC has led the Asia-Pacific region in open development over 30 years. China, an active advocate of Asia-Pacific cooperation, proposed "holding hands" instead of "letting go" which resonated widely. The 2025 Qingzhou Declaration calls for strengthened cooperation. As 2026 APEC host, China will promote open development and mutual benefit.

On Oct 30, 2025, the 36th APEC Ministerial Meeting was held in Gyeongju, South Korea, focusing on supply chain resilience, AI for trade facilitation, WTO's role, and open multilateralism. China's Ling Ji attended, stressing adherence to APEC's intent, WTO's core position, and China's commitment to multilateralism and new quality productive forces. 21 economies and organizations participated.

China and South Korea's heads of state held talks at Qingzhou Museum, reaching cooperation consensuses, agreeing to fully restore bilateral relations, advancing the second-phase FTA negotiations, deepening economic & trade cooperation in emerging fields, and promoting closer people exchanges.

The 32nd APEC Leaders' Informal Meeting (Oct 31-Nov 1, Gyeongju) centers on "Building a Sustainable Tomorrow". China's wisdom, 15th Five-Year Plan, and 2026 APEC hosting emphasize its role in advancing Asia Pacific cooperation, multilateralism, and a shared future.

On Nov 27, Guangxi Automobile Group completed its 5000th vehicle export to ASEAN. The China-ASEAN Free Trade Area (CAFTA) 3.0 Upgrade Protocol was signed on Nov 28 in Kuala Lumpur, covering 9 areas including digital economy and green economy. CAFTA 3.0 deepens regional economic integration, reduces trade barriers, and benefits enterprises like SAIC GM Wuling. China has been ASEAN's largest trading partner for 16 consecutive years, with Q1-Q3 2025 trade hitting 5.57 trillion yuan (up 9.6% YoY).

On October 28th local time, China and ASEAN signed the FTA 3.0 Upgrade Protocol in Kuala Lumpur, shifting from tariff concessions to rule-building, covering digital/green economy and other new fields, boosting regional economic integration amid global uncertainties.

On October 28, China and ASEAN signed the CAFTA 3.0 Upgrade Protocol, benefiting both in supply chain and sustainable development, reflecting commitment to multilateralism, marking a regional integration milestone. It will undergo domestic approval, acting as a global economic stable anchor amid uncertainty.

On October 28, 2025, China-ASEAN Free Trade Area 3.0 Upgrade Protocol was signed in Kuala Lumpur by Wang Wentao and Zavlu (witnessed by Li Qiang, Anwar etc.). It supports multilateralism, covers 9 areas (digital, green economy etc.), boosts regional economic growth, and both sides will push for early entry into force.

The Asia Pacific region is a key engine of global growth, with APEC as its core cooperation mechanism. Facing challenges like protectionism, China promotes open cooperation, innovation-driven development, and inclusive prosperity in the region, contributing to regional stability.

On Oct 27, China's Ministry of Commerce spokesperson opposed UK sanctions on 11 Chinese enterprises over Russia pretext, noting UK's measures lack international law basis/UN authorization, urging UK to correct wrong做法 and revoke sanctions, China will safeguard Chinese enterprises' legitimate rights.

On October 25-26, China and the US held economic and trade consultations in Kuala Lumpur, reaching basic consensus on addressing concerns under their heads of state's consensus. Covering issues like US 301 measures, tariff suspensions, etc., the talks emphasized mutual benefit and global supply chain stability, aiming for stable Sino-US economic and trade relations.

The new round of China-US economic and trade consultations ended on the 26th in Kuala Lumpur, guided by heads of state consensus. Both sides had constructive exchanges on key issues, reaching basic consensus to address concerns. The essence is mutual benefit, and both agree to follow up, promoting stable bilateral economic and trade relations.