Projects with a total value of over US$3.1 billion were signed at the 2025 China (Guangdong)-ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Development Coordination and Exchange Conference held on June 10 in Guangzhou, Guangdong Province. Photo from Guangdong Today

BEIJING — Seven projects with total value of over US$3.1 billion were signed at the 2025 China (Guangdong)-ASEAN Trade Promotion and Supply Chain Cooperation Conference held in Guangzhou, Guangdong province, on June 10.

The most noticeable is a nickel-cobalt project of Guangdong Guangxin Holding Group Ltd. in Indonesia with total investment of $2 billion. The project is expected to be put into operation by the end of 2026, aiming to ensure a stable supply of nickel for the global new energy battery industry.

According to a company representative, Guangxin is promoting the arrangement of stainless steel, aluminum profile, and copper-clad sheet manufacturing industries in the Association of Southeast Asian Nations (ASEAN), with revenue from this region accounting for more than 80 per cent of total foreign revenue. It will continue to expand investment in the ASEAN region in the future, he added.

In 2024, the trade volume between ASEAN and Guangdong accounted for about 20 per cent of the total trade turnover between the bloc and China. The two sides have actively implemented substantive cooperation in many areas such as science and technology, education, agriculture, culture and tourism.

Guangdong enterprises have invested in building factories and cooperative industrial parks in ASEAN, and have achieved substantial results in the fields of green energy and digital economy. More and more ASEAN enterprises consider Guangdong as a priority gateway to enter the Chinese market. — VNA/VNS