[The RCEP has come into full force for the 15 signatory countries] On June 2, the Regional Comprehensive Economic Partnership (RCEP) officially entered into force for the Philippines, marking the full entry into force of the RCEP for 10 ASEAN members and 15 signatories including Australia, China, Japan, the Republic of Korea and New Zealand. The full entry into force of the RCEP fully demonstrates the 15 parties' determination and actions to support an open, free, fair, inclusive and rules-based multilateral trading regime. It will inject strong impetus to regional economic integration, enhance trade and investment liberalization and facilitation in East Asia, and contribute to long-term and stable economic development in the region and the world at large. China will continue to promote the high-quality implementation of the RCEP, provide guidance and services for local governments, industries and enterprises to further implement and make good use of the agreement, ensure the continuous release of the benefits of the agreement, and fully leverage the positive role of the RCEP in promoting cooperation on industrial and supply chains, high-level opening-up and high-quality development. At the same time, we will work with other parties to fulfill our obligations under the agreement, strengthen the RCEP mechanism building, improve the overall implementation of the agreement, and provide a strong guarantee for the steady and long-term progress of the RCEP cooperation. Editor/Xu Shengpeng

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• 2026.10.27 11:29
• [Wanhua Laizhou Green Power Industrial Park Phase II Project Starts Construction]
• On October 23, 2026, the second phase of Wanhua Laizhou Green Power Industrial Park officially started construction, and the Laizhou base entered a new stage of first phase production sprint and second phase co construction simultaneously. As a major project in Shandong Province, the industrial park covers an area of 557 acres, with a planned 650000 tons/year battery grade lithium iron phosphate plant, relying on the integrated wind solar energy storage green power system to achieve coupling of the green power industry. At present, Wanhua Lithium Iron Phosphate has achieved mass production and import of its fourth generation products, and its fifth generation products have been recognized by top customers, continuously improving the layout of the entire battery material chain. Editor/Cheng Liting

• 2026.10.27 10:43
• [Shanghai Petrochemical's 1.2 million ton ethylene plant starts construction]
• The 1.2 million tons/year ethylene plant of Shanghai Petrochemical officially started construction on October 25, 2026. As a major project in Shanghai, the total investment of the project is about 21.3 billion yuan, and it is expected to be completed by the end of October 2028. The new facility adopts Sinopec's independent intellectual property low-energy ethylene separation technology. After it is put into operation, the existing 700000 tons/year ethylene plant will be shut down, and the annual ethylene production capacity will jump to 1.2 million tons. It can provide nearly 3 million tons of high-end chemical raw materials for downstream and help promote Shanghai's new industrialization and north-south transformation. Editor/Cheng Liting