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Three years on, RCEP sees significant progress in promoting regional open cooperation

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By Yang Yi, People’s Daily

The Regional Comprehensive Economic Partnership (RCEP) is thefree trade area with the biggest population, the largest trade scale and the greatest potential for development.

Since the RCEP came into force in January 2022, it has deliveredincreasingly prominent institutional dividends such as tariff reductions, simplified customs procedures, and trade and investment facilitation. It has played a crucial role in safeguarding the stability and smooth flow of regional industrial and supply chains, propelling the Asia-Pacific into a new period of high-quality economic development.

On the morning of Jan. 2, 2025, a freight train loaded with fresh fruits and vegetables set off from Wangjiaying West Station in Kunming, southwest China’s Yunnan province, bound for Laos along the China-Laos Railway.

This marked a new milestone for the railway, which has transported over 50 million tons of cargo, including 11.58 million tons of cross-border goods, since its full operation on Dec. 3, 2021.

Over the past three years since the RCEP came into force, the China-Laos Railway has emerged as a crucial transport corridor linking China, Thailand, Cambodia, and other countries. With the opening of more shipping routes, goods from Indonesia, Thailand, Vietnam, and Japan can now directly reach Xiamen Port and Quanzhou Port in southwest China’s Fujian province, as well as ports in east China’s Shandong province.

According to a study conducted by the Asian Development Bank, the RCEP is expected to add $245 billion annually to regional income and 2.8 million jobs to regional employment. With the continuous improvement of regional connectivity, the RCEP will unleash more trade benefits.

Providing tremendous opportunities for regional enterprises

Boten townin northern Laos’Luang Namtha province, located only 3 kilometers from the Chinese border town of Mohan in Yunnan, is a crucial border station for transporting goods between China and Laosby land.

“Three years ago, there were only about a dozen customs clearance companies in Boten. Now, there are around 150,” said Zhang Jianli, head of the freight transfer division at the Boten Station of the China-Laos Railway.

Inside the offices of these customs clearance companies, business agents were busy submitting documents, inspecting goods, and paying taxes to ensure timely shipment of goods for their customers.

Thanaleng Dry Port, a border checkpoint located between Lao capital Vientiane and border city Nong Khaiin northeast Thailand, primarily handles goods that need to transit through Laos before reaching China or Thailand.

An official with Thanaleng Dry Port said that with the opening of the China-Laos Railway, the time needed to transport goods by trucks from Vientiane to Boten has reduced from two days to only around four hours, enhancing the logistics efficiency in the region.

By implementing tariff commitments, rules of origin, trade and investment liberalization and facilitation, and other trade regulations, the RCEP has maximized the integration of 27 trade arrangements and 44 investment agreements of its members in the region. This has effectively advanced the development of the multilateral trading system and helped maintain the stability of industrial and supply chains across the region.

An executive from the United Overseas Bank in Singapore said that the RCEP has broken down tariff barriers among its members and simplified trade rules. Singaporean enterprises can enjoy an average of 92 percent tariff reduction in China, which provides them with more favorable conditions for expanding their presence in the Chinese market.

Unny Sankar Ravi Sankar, minister of economic affairs of the Malaysian Embassy in China, noted that the RCEP provides abundant opportunities for businesses and investors in the region, contributing significantly to the stable economic development of the Asia-Pacific.

Invigorating regional economic integration

In December 2024, the RCEP Support Unit(RSU)was officially established in Jakarta with the joint efforts of China, the non-ASEAN rotating chair of the RCEP that year, and the ASEAN chair Indonesia.

Kao Kim Hourn, secretary-general of ASEAN,said that the establishment of the RSU was another significant milestone in the development of the RCEP. It will help implement the RCEP in a more comprehensive and high-quality manner and provide support to relevant institutions.

Over the past three years, the RCEP has been unleashing benefits in trade, investment, and regional value chains. As the largest economy of the RCEP, China has been an active promoter of high-quality implementation of the agreement. In the first three quarters of 2024, imports and exports between China and other RCEP members totaled 9.63 trillion yuan ($1.31 trillion), a year-on-year increase of 4.5 percent.

China’s continuous expansion of high-level opening up has injected stability and vitality into the economic development of the Asia-Pacific, providing tremendous opportunities for regional countries to share China’s development benefits.

Data released at the Boao Forum for Asia Bangkok Roundtable in August 2024 indicated that Cambodia is expected to graduate fromLDC (least developed country)status by 2028 due to the development dividends brought by the RCEP.

Cambodian Ministry of Commerce’s Secretary of State and Spokesperson Penn Sovicheat, said that the RCEP and bilateral free trade agreements that Cambodia signed with countries like China and South Korea greatly boosted Cambodia’s trade growth.

According to statistics released by the Department of Trade Negotiations under the Ministry of Commerce of Thailand, in the first ten months of 2024, Thailand’s trade with other RCEP members reached around $269.7 billion, accounting for 53.13 percent of its total trade, up 2.69 percentage points from a year ago.

Tang Zhimin, director of China-ASEAN Studies at the Bangkok-based Panyapiwat Institute of Management, observed that the model of pre-establishment national treatment plus a negative list for foreign investment is one of the most important achievements of the RCEP investment rules.

“Since the implementation of the RCEP three years ago, China has made significant progress in facilitating services trade and investment cooperation with ASEAN countries, demonstrating an increasingly higher level of opening up,” Tang noted.

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A living testimony about MKA: The Aondoakaa that I know Written By Brahms Tor-Ikuan

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My people of Benue State,

I am not speaking to you today as a politician. I am speaking as a brother whose family was held up by Chief Mike Kaase Aondoakaa, MKA, when we had no one else to hold onto.

My elder brother, Verem Ukaa-Ikuan, was not just my blood. He was a very dear and close friend to Chief MKA. When my brother fell ill and was diagnosed with liver damage caused by poisoning, MKA didn’t treat it as someone else’s problem. He took it on as his own.

He worked closely with Verem during his time as Attorney General of the Federation, and when the sickness came, he moved immediately. Searches were conducted, and Apollo Hospital in India was earmarked for a liver transplant. Every travel arrangement was made personally by Chief MKA.

But we hit a wall. Verem was too weak to fly a long commercial flight. Only an air ambulance could get him to India alive. At that time, there was only one functional air ambulance in the entire country, owned by Julius Berger. It was completely out of reach for even the most high-profile citizens.

Chief MKA went all out. He did not give excuses. He did not delay. He used every connection and every ounce of influence he had to secure that air ambulance for my brother.

On the day it was secured, Barr. Terna Yaji, his Senior Special Assistant, called me a few minutes after 6pm. He told us to prepare Verem for departure and take him to Makurdi airport very early the following morning. I informed him, my brother passed on at exactly 6 o’clock a few minutes ago. I told Barr. Terna Yaji, and I saw a devastated MKA.

During the burial, Chief MKA was out of the country on national assignment. He was pained that he could not be there physically. His entire team, led by the late Onov Tyuulugh, represented him fully. And his message to us at the burial has never left me:

“If death were law, as the Attorney General, a law would have been made no matter what to ensure Verem will just not die but live forever.”

That is who Mike Kaase Aondoakaa is when nobody is watching. He does not abandon his people. He does not forget. He stood with our family then, and he has stood with us till date.

Now he is asking for the chance to govern Benue State.

Benue needs a governor with a heart like that. A governor who fights for you even when there’s no political gain. A governor who sees you as family, not as a vote.

I am standing with Chief Mike Kaase Aondoakaa for Governor of Benue State.
For compassion that moves to action.
For loyalty that does not fade.
For leadership that proves itself in the darkest hour.

Join me. Let us give Benue a leader who has already shown what he will do for us.

God bless Chief Mike Kaase Aondoakaa.
God bless Benue State.

Brahms Tor-Ikuan, a beneficiary of MKA’s benevolence writes from Makurdi

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China-U.S. relations cannot return to past, but can move toward better future

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By Guo Jiping

At the invitation of Chinese President Xi Jinping, U.S. President Donald Trump will pay a state visit to China from May 13 to 15.

After many twists and turns, China-U.S. relations have arrived at a new historical juncture. The year 2026 carries special significance for both countries. China is embarking on its 15th Five-Year Plan period (2026-2030), while the United States celebrates its 250th anniversary. 

Amidst increasing global uncertainty and volatility, the international community looks to Beijing, hopeful that this high-level engagement will offer clarity and stability for the future trajectory of China-U.S. relations.

Observers note that over the past decade, the relationship has weathered two significant periods of strain. The first began in 2018 with the U.S. initiation of trade tariffs against China. Stabilization was achieved only after extensive dialogue and complex interactions spanning several years. The second period of tension occurred more recently in 2025. Remarkably, the cycle from rising friction to renewed stability unfolded within just a few months this time.

The progression from years-long to months-long stabilization cycles, and from repetitive friction-dialogue patterns towards clearer strategic direction and consensus-building, reflects China’s consistent approach: readiness to negotiate combined with firm adherence to principles and clear boundaries. China’s demonstrated resilience has garnered international respect and created conditions conducive to resolving differences through dialogue.

Today, China-U.S. dialogue occurs on a more equitable basis. Communication is increasingly pragmatic, with clearer articulation of respective bottom lines. This resilience suggests the potential for a new, more stable chapter in the relationship.

Head-of-state diplomacy plays an irreplaceable strategic guiding role. Last year, when a wave of tariff tensions rattled the world, the two presidents steered China-U.S. economic and trade ties back on course. 

Under the guidance of the consensus reached by the two presidents, the teams from both sides have so far held six rounds of consultations and are currently engaged in a new round of talks. 

Since the meeting between the two heads of state in Busan last October, China-U.S. relations have generally maintained a stable and improving momentum — a trend widely welcomed by both peoples and the international community.

The strategic guidance provided by the two heads of state helps identify “dangerous reefs” ahead in China-U.S. relations. The Taiwan question is the most important and most sensitive issue at the very core of China-U.S. relations, and it concerns the political foundation of bilateral ties. 

Xi has repeatedly elaborated China’s principled position on the Taiwan question to Trump, emphasizing that Taiwan is China’s territory, and China must safeguard its own sovereignty and territorial integrity, and will never allow Taiwan to be separated. Clearly defining principles and bottom lines is precisely the responsible approach needed to prevent serious risks in China-U.S. relations.

The aspiration of the Chinese and American business communities to deepen ties and cooperation has never changed. At present, more than 7,000 Chinese-funded enterprises operate in the United States, while about 80,000 American-invested enterprises are active in China. 

These firm choices made at the forefront of the market clearly and powerfully demonstrate the true nature of China-U.S. economic and trade relations: mutual benefit and win-win cooperation. 

As China enters the 15th Five-Year Plan period, its commitment to high-quality development and high-standard opening up will create broader incremental space for China-U.S. cooperation.

The will of the people stands as a profound and enduring force shaping the trajectory of China-U.S. relations. Whether at those pivotal moments when China and the United States seized every moment to break the ice, or when bilateral relations slid to a low ebb, the sincere aspiration of the two peoples for mutual understanding and friendship has never changed.

As exchanges deepen and produce tangible results, perceptions are improving positively. More Americans are actively participating in fostering people-to-people friendship, contributing greater rationality and constructive perspectives to the relationship.

In the face of profound changes unseen in a century, China and the United States, as permanent members of the United Nations Security Council and the world’s two largest economies, shoulder even greater responsibilities. Promoting global development, safeguarding peace and security, and improving global governance all require cooperation between the two countries. 

This year, China will host the APEC Economic Leaders’ Meeting and the U.S. will host the G20 Summit. Whether the two sides can demonstrate the vision and responsibility expected of major countries, and deliver more tangible benefits to the world, bears directly on the well-being of both peoples and the future of humanity.

China-U.S. relations cannot return to the past, but they can move toward a better future. Both sides should proceed from a sense of responsibility to history, to the people, and to the world, and explore ways to build a strategic, constructive, and stable China-U.S. relationship featuring mutual respect, peaceful coexistence, and win-win cooperation.

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China’s robust Q1 performance lifts global confidence 

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By He Yin, People’s Daily

China recently unveiled its economic performance for the first quarter of 2026. Its GDP reached 33.4193 trillion yuan ($4.9 trillion), up 5 percent year on year in real terms, accelerating by 0.5 percentage points from the fourth quarter of last year. 

The figures have drawn close attention from the international community, which generally believes that amid rising global uncertainty, China’s economy has demonstrated resilience and vitality, injecting much-needed stability and positive momentum into the world.

At present, global instability is intensifying. The spillover effects of geopolitical conflicts are expanding, and international organizations such as the UN and the Asian Development Bank have warned of growing downside risks. The global economy is moving forward under pressure. 

In the face of mounting external uncertainties, China’s economy continues to display strong resilience, robust internal momentum, and proactive, effective macroeconomic policies. Phrases such as “better than expected” and “growth against the headwinds” have frequently appeared in international media coverage. 

Kristalina Georgieva, Managing Director of the International Monetary Fund, noted that China’s economy has shown resilience, possesses immense potential, and will have a positive impact on the world.

Driven by innovation, high-quality development surges forward. In the first quarter, China’s equipment manufacturing sector contributed nearly 50 percent to the growth of value added in industrial enterprises above designated size. In the first two months of the year, high-tech manufacturing accounted for more than half of the increase in total industrial profits, underscoring the growing role of new growth drivers. 

China’s industries are advancing rapidly toward high-end, intelligent, green and upgraded development, delivering continuous breakthroughs in fostering new quality productive forces. 

Exports of green products such as electric vehicles, lithium-ion batteries, and wind turbines and their components rose by 77.5 percent, 50.4 percent, and 45.2 percent, respectively. Meanwhile, investment in frontier fields including AI and humanoid robotics increased by 45.5 percent year on year, and the business vitality index of technology-driven enterprises rose by 8.1 percent. 

Global media outlets have observed promising signs: China’s thriving clean energy technologies are creating huge economic value, and robust demand for AI devices is driving steady growth of China’s foreign trade. These positive trends vividly demonstrate China’s progress in developing new quality productive forces.

Domestic demand has also shown overall improvement, creating favorable conditions for sustained economic expansion. 

Promoting a development model driven more by domestic demand, consumption, and endogenous growth reflects China’s strategic response to changes in its development stage and the evolving international environment. 

In the first quarter, retail sales of consumer goods grew by 2.4 percent year on year, while fixed-asset investment returned to positive growth, indicating that the domestic market continues to deepen and expand. 

At the sixth China International Consumer Products Expo held in Hainan province, a wide range of global debuts, Asia-Pacific premieres, and China launches were showcased, further strengthening China’s reputation as a premier global destination for quality consumption. 

The country’s vast market continues to empower economic development. Some U.S. media outlets observed that China is transitioning toward a more diversified growth model, one that benefits not only China itself but also offers valuable lessons for the global economy.

Amid profound adjustments in the global economic landscape, China remains committed to high-level opening up, creating broad opportunities for the world through its own development. 

A series of opening-up measures have been rolled out, including the launch of island-wide independent customs operations at the Hainan Free Trade Port, revisions to the Foreign Trade Law to better align with international rules, and an expanded version of the Catalogue of Encouraged Industries for Foreign Investment. These steps are improving both the quality and scale of trade cooperation. 

In the first quarter, China’s total goods trade exceeded 11 trillion yuan for the first time in the same period, maintaining double-digit growth and reaching the highest quarterly growth rate in five years. 

Its trade with Belt and Road partner countries accounted for 51.2 percent of the total, while trade with Africa grew by 23.7 percent. Trade with ASEAN, Latin America, the European Union, the United Kingdom, and other APEC economies also recorded double-digit growth. China’s role as a “world market” continues to generate positive spillover effects globally. A more open China will remain a steady anchor for the world economy as it navigates challenges.

The year 2026 marks the opening of China’s 15th Five-Year Plan period (2026-2030). Stable economic growth provides a solid foundation for a strong start to this new phase, while also serving as a stabilizer for the global economy amid turbulent conditions. China will continue to inject sustained confidence and strong momentum into global development.

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