Research on Post-Pandemic Era: China and ASEAN Capacity Cooperation and Value Chain Enhancement

China and ASEAN have a long history of economic and trade collaboration, with ASEAN being a significant partner for China. After the COVID-19 pandemic, the global value chain system has undergone profound adjustments, and the industrial development of China and ASEAN has been constrained by the strategic positioning of developed economies from various directions. China and ASEAN should work together on production capacity, using industrial transfer, economies of scale, efficient resource allocation, and technology sharing to upgrade regional industries and value chains. Lastly, based on evidence, they should enhance trade and investment, focus on building industrial parks, and promote economic and tech cooperation.