Xinhua Silk Road: Int'l forum on RCEP local gov't, sister city cooperation opens in E. China's Huangshan
BEIJING, June 6, 2025 /PRNewswire/ — The 2025 RCEP Local Governments and Friendship Cities Cooperation (Huangshan) Forum opened on Thursday in Huangshan City, east China's Anhui Province.
Co-hosted by the Chinese People's Association for Friendship with Foreign Countries and People's Government of Anhui Province, the forum gathered some 300 delegates from Regional Comprehensive Economic Partnership (RCEP) member countries to discuss regional cooperation in economy, culture, and sister-city ties under the theme 'Regional Partnership for Common Development'.
During the forum, Anhui forged sister province ties with Cambodia's Preah Sihanouk Province and strengthened ties with South Korea's Gangwon Special Self-Governing Province. The Huangshan Initiative launched the RCEP World Heritage Sites Cooperation Alliance. Ten deals covering investment, trade, and cultural exchanges were signed.
In addition, the Chinese Academy of International Trade and Economic Cooperation released the 'RCEP Regional Cooperation Development Report 2025,' detailing the pact's implementation results and offering forward-looking cooperation suggestions.
Bhokin Bhalakula, president of Thai-Chinese Culture and Economy Association, noted fruitful cooperation under RCEP, including the China–Thailand railway and projects in smart grids and solar PV systems. He proposed building innovative demonstration zones and youth entrepreneurship platforms.
Shi Zhongjun, Secretary-General of the ASEAN-China Centre, said RCEP stabilizes the Asia-Pacific economy and injects certainty into global economy. He called for expanded cooperation in digital and green economies, and deeper integration in standards and rules.
Multiple sessions were also held, including dialogues on new energy vehicles, photovoltaic supply chains, youth business leaders, agricultural products, e-commerce and overseas Chinese businesses as well as cultural tours.
Data showed that Anhui's trade with other RCEP members hit 208.54 billion yuan (about 29.05 billion U.S. dollars) in 2024, up 17.3 percent from that in 2021,accounting for 25 percent of the province's total foreign trade. Trade reached 75.38 billion yuan (approximately 10.5 billion U.S. dollars) in the first four months of 2025, rising 22.8 percent year on year.
Since taking effect, the RCEP has spurred regional growth through tariff cuts, streamlined customs clearance, and trade facilitation.
Original link: https://en.imsilkroad.com/p/345977.html
Hashtags
- BusinessEconomicsFinancePolitics#RCEP#2025RCEPLocalGovernmentsandFriendshipCitiesCooperation#Huangshan)Forum#RegionalComprehensiveEconomicPartnership#RegionalPartnershipforCommonDevelopment#PRNewswire#ChinesePeople'sAssociationforFriendshipwithForeign#People'sGovernmentof#BhokinBhalakula#ShiZhongjun
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
10 hours ago
- New Straits Times
The lesson Asean must draw from the Trump-Musk quarrel
THE public spat between President Donald Trump and Elon Musk should be viewed with detached clarity by Asean policymakers and observers. It is neither a signal of a shift in American foreign policy nor does it foreshadow a major realignment in the global tech landscape. In his second term, Trump has doubled down on his view that the US must be ruled not by institutions but by personalities. He has no patience with those who challenge his centrality. Musk, once an object of Trump's admiration, has become a rival personality. The former's influence spans multiple domains — space, artificial intelligence, electric vehicles and digital media. In the eyes of Trump, this influence must be subordinate to political loyalty. Musk's criticism of Trump, whether on policy, personality or principle, has thus drawn an inevitable response. Yet Musk is no innocent bystander. His relentless need to comment, provoke and insert himself into the political arena has increasingly eroded the neutrality that once insulated Tesla and SpaceX from partisan warfare. Since acquiring Twitter — renamed X — Musk has made the platform a personal amplifier of his views, often blurring the line between corporate strategy and personal vendetta. Just as Trump cannot resist attacking, Musk cannot help but respond. The result is a digital 'blood sport'. At a deeper level, Musk's recent provocations may be to deflect attention from his growing troubles. Tesla, long seen as the undisputed champion of electric vehicles, is now steadily losing global market share to China's BYD. Despite Musk's early-mover advantage, the Chinese EV juggernaut has surpassed Tesla in both unit sales and technological innovation, especially in markets across Asia and the Global South. This shift is not just commercial — it is geopolitical. China's industrial policy, from lithium refining to battery standardisation, has enabled firms like BYD to undercut and outpace American competitors. Tesla, by contrast, faces domestic regulatory scrutiny, investor fatigue and inconsistent leadership. Musk, who once rode the wave of futuristic optimism, is now increasingly seen as a mercurial figure whose ventures are overextended and reactive. While American media and pundits obsess about this feud, Asean must resist being distracted. The region is entering a critical decade in which its ability to lead on green transition, artificial intelligence governance and maritime security will define its global role. Whether Musk and Trump call each other names or trade blows on social media is irrelevant to the Asean Outlook on the Indo-Pacific, or to the implementation of the Regional Comprehensive Economic Partnership. Moreover, if there is a lesson to draw from this spectacle, it is the danger of personalising power. Asean's strength has always rested in its ability to temper egos through consensus and consultation. That is not a flaw but a survival mechanism. The bloc should be wary of importing political styles rooted in personality cults, where institutions are hollowed out in favour of personal charisma and performative leadership. Musk and Trump are both creatures of the same American pathology: the belief that individual willpower, when fused with wealth or fame, is enough to override complex systems. But Asean is different. The region's success depends not on dominant personalities but on the patient weaving of trust, rules and interdependence. Ultimately, Asean must tune out the noise. There are far more pressing issues to confront — from resolving the Myanmar crisis and addressing climate-induced migration, to strengthening regional supply chains and ensuring cybersecurity. The Musk-Trump bust-up may dominate headlines in Washington, but it is only a sideshow to the real geopolitical currents shaping Asia's future.
Malaysian Reserve
13 hours ago
- Malaysian Reserve
Trumid Reports May Performance
Electronic bond trading platform announces record buy-side platform engagement NEW YORK, June 6, 2025 /PRNewswire/ — Trumid, a financial technology company and leading fixed income electronic trading platform, today announced trade volume and user participation highlights for May 2025. May Highlights: May marked another strong month of growth and deepening platform engagement, with record traded volume in Trumid RFQ and accelerating buy-side adoption across Trumid's list trading protocols. Reported Average Daily Volume (ADV) of $6.8B, up 30% year-over-year. A record number of buy-side traders traded daily on Trumid in May, with asset manager ADV up around 60%year-over-year, outpacing growth in overall Trumid volume. Trumid RFQ set another monthly record for volume and trade count, extending its 2025 streak of consecutive month-over-month growth. High response rates from Trumid's fully integrated RFQ responder network of major dealers and leading algorithmic liquidity providers drove protocol ADV and daily average trade count up 122% and 134% year-over-year, respectively. Around 70% more buy-side traders executed trades daily in Trumid RFQ compared to a year ago, with asset managers initiating a record number of lists during the month. Trumid's automated workflow and trade automation tools continued to deliver value for clients. 81% of eligible RFQ line items executed "no touch" via Trumid AutoPilot™ for RFQ in May. Designed for efficient execution, Trumid AutoPilot leverages real-time, client-defined parameters to allow the platform to seamlessly execute trades on their behalf. High response rates from Trumid's fully integrated RFQ responder network of major dealers and leading algorithmic liquidity providers drove protocol ADV and daily average trade count up 122% and 134% year-over-year, respectively. Around 70% more buy-side traders executed trades daily in Trumid RFQ compared to a year ago, with asset managers initiating a record number of lists during the month. Trumid's automated workflow and trade automation tools continued to deliver value for clients. 81% of eligible RFQ line items executed "no touch" via Trumid AutoPilot™ for RFQ in May. Designed for efficient execution, Trumid AutoPilot leverages real-time, client-defined parameters to allow the platform to seamlessly execute trades on their behalf. Trumid press +1 (212) 618-0300 press@ About Trumid Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at © 2025 Trumid Holdings, LLC, and its affiliates. All rights reserved. Trumid Financial, LLC is a broker dealer registered with the U.S. Securities and Exchange Commission ("SEC") and is a member of FINRA and SIPC. Information included in this message does not constitute a trade confirmation or an offer or solicitation of an offer to buy/sell securities or any other products. There is no intention to offer products and services in countries or jurisdictions where such an offer would be unlawful under the relevant domestic law.
Malaysian Reserve
13 hours ago
- Malaysian Reserve
Bread Head Sandwiches Expanding To Manhattan Beach
Elevating The Sandwich Experience In Manhattan Beach MANHATTAN BEACH, Calif., June 6, 2025 /PRNewswire/ — BREAD HEAD proudly announces the GRAND OPENING of its second restaurant location on Friday June 13, 2025. Located in downtown MANHATTAN BEACH just steps from the beach and the famed pier, this new location will allow chefs Alex Williams and Jordan Snyder to 'stretch their wings' by offering a more expanded menu including delicious breakfast options. It also has a bar area and sizable outdoor patio where customers will be able to enjoy a variety of craft beers & wines. And it has five beautiful new TVs that will air sports programming including NFL Sunday Ticket. 'We could not be more excited to join the Manhattan Beach community. I used to live in Manhattan Beach and think that Bread Head will be an amazing addition to an already vibrant downtown area. The kitchen area is quite a bit larger than at our current Santa Monica location, so Chefs Alex & Jordan will have the ability to offer some truly amazing dishes including breakfast,' shared Co-Founder and CEO Greg Willsey. Jordan Snyder adds, 'Our vision all along has been to be the neighborhood sandwich shop that people come to for the food and the experience. We've crafted our sandwiches to be the best versions of timeless classics that we are all familiar with, perfect for a weekday lunch or a picnic at the beach. Our goal is to be a staple of the Manhattan Beach community, and we hope to be here for a long, long time.' In addition to their delicious sandwiches, Bread Head will delight its guests with a selection of sides, salads and beverages. Specialty beer and natural wines will be coming soon. The restaurant's sleek and modern interior provides a welcoming atmosphere for all guests to enjoy, whether dining in or grabbing food to go. Stay tuned to Bread Head's social media channels for updates and announcements. Bread Head's new restaurant is located at 1129 Manhattan Avenue, Manhattan Beach, CA. For more information, visit us online at or follow us on social media @breadheadla. About Bread Head Restaurant GroupBread Head is a culinary venture founded by chefs Alex Williams and Jordan Synder (both have been awarded a Michelin Star) alongside Michael Pasternak (former Director of Operations of Night + Market restaurant group) and Greg Willsey (founder of Joolies, Kinderfarms, Desert Valley Date and Only Skin among other companies through his firm Venice Brands). Bread Head has been named 'LA's Next Great Sandwich Shop' by the Los Angeles Times, and its Mozzarella Sandwich was named 'One Of The 26 Best Dishes We Ate Across America' by the New York Times. With a commitment to excellence and innovation, Bread Head elevates the classic sandwich experience through premium ingredients, creative flavor combinations, impeccable craftsmanship, and the joy of best friends working together on what they love. Media Contact:Greg Willsey310.384.7410395839@
