Write an article about China calls on Asean, Gulf states to create ‘big market’ .Organize the content with appropriate headings and subheadings (h1, h2, h3, h4, h5, h6), Retain any existing tags from Chinese premier Li Qiang rallied a group of Southeast Asian and Gulf states to deepen cooperation.
KUALA LUMPUR: Chinese premier Li Qiang rallied a group of Southeast Asian and Gulf states to deepen cooperation, as the Asian nation ramps up its charm offensive abroad to counter US efforts to isolate the economy.
“We should firmly expand regional opening up and develop a big market,” Li said at a meeting with leaders from Southeast Asia and the Middle East in Kuala Lumpur today.
“We should effectively manage differences in the spirit of mutual understanding,” he added.
The inaugural joint summit offers Beijing yet another chance to sway countries caught between the world’s two largest economies.
Li’s visit to Southeast Asia comes on the heel of president Xi Jinping’s tour last month, when he called for a united Asian family in an apparent effort to counter US containment.
“Countries of the three sides are at different stages of development, yet we should not let these differences stand in a way of our cooperation, but transform them into complementary strength that we can harness,” China’s No 2 said.
Southeast Asia was hit with steep tariffs by Trump earlier this year, as Washington accused them of assisting with transhipment of cheap Chinese goods into the US.
Asean and Gulf states also stand out as the Trump administration is hoping to ensure that companies building data centres in these countries don’t use Chinese AI hardware.
During Trump’s whirlwind trip to the Middle East earlier this month, Washington announced deals to ship tens of thousands – and likely upwards of a million – advanced Nvidia and Advanced Micro Devices Inc chips to the UAE and Saudi Arabia.
Both Xi and Li chose to visit Malaysia, underscoring the nation’s increasing importance to Beijing.
Malaysian Prime Minister Anwar Ibrahim later said Asean continued to engage with both the US and China and was not tilted toward any particular country.
“What’s the Asean position? It’s centrality. Where’s the focus? Welfare, well-being of all people, economic relations, trade, investments.
“So if it means working with the Chinese, yes, we’ll do. The US, yes, we have to,” Anwar said in a briefing at the end of the summit.
The Malaysian premier earlier in his opening remarks at the Asean-GCC-China Summit, highlighted the region’s combined GDP of US$24 trillion.
Members of the Gulf Cooperation Council include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
Trump officials this year pressured Malaysian authorities to crack down on semiconductor transhipment to China.
The country is also in the crosshairs of a court case in Singapore, where three men have been charged with fraud for allegedly disguising the ultimate customer of AI servers that may contain high-end Nvidia chips barred from China. Malaysian officials are probing the issue.
Li visited Indonesia before Malaysia. In his meeting with president Prabowo Subianto, Li called for more cooperation and cited rising protectionism.
Their central banks signed an MoU on a framework for bilateral transactions in local currencies on Sunday, while wealth funds China Investment Corporation and Danantara Indonesia entered an investment agreement.
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