Global investors demonstrated strong confidence in China's economic outlook as foreign direct investment into the country hit a record high in 2021.
The RCEP agreement officially took effect on Jan 1 and comprises 15 Asia-Pacific countries, which include 10 ASEAN member states. Over the next 20 years, the pact is expected to reduce up to 90 percent of the tariffs on goods traded among its members.
The integration of the Yangtze River Delta, one of China's most economically active, open and innovative regions, is of crucial significance in leading the country's high-quality development.
