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China Daily | Updated: 2024-05-20 10:30
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Shi Zhongjun, secretary-general of the ASEAN-China Center

Against the backdrop of declining global openness, rising trade costs and bottlenecks of supply chains in the world, the RCEP could promote the free flow of production factors in a wider scope, realize the optimal allocation of production factors, promote the specialized division of labor and spur more new quality productive forces and innovations, which will help regional cooperation advance toward a more inclusive, modern, comprehensive and mutually beneficial direction.

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