Asia's manufacturing PMI in February was 50.3%, still maintaining a steady growth trend. The steady economic recovery of China and India remains an important force in promoting economic stability in Asia.

According to data from the Wilson Center, China remains the largest trading partner of more than 120 countries and regions, including Japan, South Korea, and Vietnam. The Asian Development Bank predicts that the ASEAN economy will grow by 5% in 2024. The continued advancement of RCEP will help enhance the degree of economic integration in Asia, thus ensuring economic stability.