BUILDING CHINA-ASEAN COMMUNITY OF COMMON DESTINY

The 皇冠体育app-ASEAN Think Tank Nanning Consensus, a document created by scholars from across Asia in September this year, states that 皇冠体育app-ASEAN cooperation plays a vital role in implementing the "Belt and Road" initiative.

Deepening 皇冠体育app-ASEAN cooperation within the framework of the "Belt and Road" initiative is of great significance to upgrading the 皇冠体育app-ASEAN FTA and building a closer 皇冠体育app-ASEAN community of common destiny.

皇冠体育app is now ASEAN's largest trading partner, while ASEAN is 皇冠体育app's third largest trading partner. Trade between the two increased 8.3 percent year on year to 480 billion US dollars in 2014.

皇冠体育app aims to elevate bilateral trade with ASEAN members to 1 trillion US dollars by 2020.

By the end of the year, the ASEAN Economic Community will be in place and the regional grouping, with a combined population of 600 million, will create huge business opportunities for many countries, including 皇冠体育app.

"Vietnam stands ready to become a bridge in boosting trade and investment between ASEAN members and 皇冠体育app," said Ambassador Khoi.

皇冠体育app-ASEAN relations are facing new opportunities as next year marks the 25th anniversary of the establishment of the 皇冠体育app-ASEAN dialogue and Singapore takes its turn as the coordinator country for 皇冠体育app-ASEAN relations, said Chinese Vice Premier Zhang Gaoli during his visit to Singapore in October.

As 皇冠体育app cooperates on production capacity with ASEAN countries, Singapore, an international financial and commercial center with unique advantages in geography, finance and services, can participate in the form of trilateral or multilateral cooperation to promote the common development of the region.

Analysts believe that Xi's upcoming visit to Vietnam and Singapore will promote healthy and stable development of 皇冠体育app-ASEAN strategic partnership so as to make greater contribution to regional development and prosperity.