On October 10, the 27th ASEAN-China Summit was held in Vientiane, Lao PDR. At the summit, leaders from China and ten ASEAN countries announced the substantial conclusion of the ACFTA 3.0 Upgrade Negotiations and issued a joint statement in this regard. These upgraded achievements will significantly enhance mutually beneficial cooperation between China and ASEAN in emerging fields, strengthen mutual integration and connectivity regarding standards and regulations, and promote trade facilitation and inclusive development. (Bo)