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RCEP seen as key anchor for Asian growth

2026-05-11 10:07   chinadaily.com.cn

Guests attend the 2026 RCEP Media and Think Tank Forum in Haikou, Hainan province, on Saturday. FENG YONGBIN / CHINA DAILY

  As the world's largest free trade agreement, the Regional Comprehensive Economic Partnership is set to play an even more prominent role in anchoring Asian economic integration and helping the global economy navigate geopolitical shifts and mounting challenges, officials and experts said.

  Highlighting the RCEP's role as a powerful counterweight to trade unilateralism, they called for it to evolve from one of "scale advantage" to one of "functional and quality enhancement" — while also urging greater efforts to leverage Hainan Free Trade Port as a key gateway connecting China with other RCEP member economies.

  The remarks were made at the 2026 RCEP Media and Think Tank Forum, which opened on Saturday in Haikou, Hainan province. With the theme of "Working Together to Address Challenges and Promote Development", the forum was hosted by China Daily and the China Institute for Reform and Development.

  Liu Xiaoming, governor of Hainan, said covering 30 percent of the world's population and economic output, the RCEP is the free trade agreement with the greatest potential. It has played an irreplaceable role in maintaining global economic stability and has also become a key driver of Hainan's export-oriented economy.

  "Hainan Free Trade Port demonstrates China's resolve to expand opening-up and advance economic globalization. We stand ready to work with all RCEP parties to jointly forge a new pattern of regional development through closer coordination," Liu added.

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