Comments by "GuyWhoLikesTheSnarkies14" (@guywholikesthesnarkies1435) on "What is China's future? Economic decline, or the next industrial revolution?" video.

Have you ever paid attention to the economic growth of Southeast Asia/ASEAN in the past decade? That has been driven by a significant increase of bilateral trade and strategic cooperation between each individual ASEAN state and China, which prompted the old regional players such as Japan and, most notably, South Korea to further increase their market competitiveness. As a result, the free trade bloc Regional Comprehensive Economic Partnership was signed in November 2020 and became effective on 1st January 2022. This was a major milestone in the region because not only is it currently the largest free trade bloc in the world, but it also facilitated enhanced economic cooperation between ASEAN states and strategic regional partners at a comprehensive level: China, South Korea, Japan, Australia and New Zealand.
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