1. China-ASEAN Free Trade Area, together with North America and EU Free Trade Area, has become the three major economic pillars in the world.

Second, the WTO, together with the World Bank and the International Monetary Fund, is called the "three pillars" of the current world economic system.

1. The InternationalMonetaryFund was formally established in March 1946 according to the agreement reached by 44 countries of the International Monetary Fund in July 1944 in Bretton Woods, New Hampshire, USA. Its functions are exchange rate supervision, financing and providing a place for international monetary cooperation and consultation.

2. The World Trade Organization (WTO), formerly known as the General Agreement on Tariffs and Trade concluded in 1947. Its purpose is to expand the production and trade of goods and services on the premise of improving living standards and ensuring full employment, and to realize the optimal allocation of global resources in accordance with the principle of sustainable development; Strive to ensure that the share of developing countries, especially the least developed countries, in the growth of international trade is commensurate with their economic needs; Protect and maintain the environment.

3. The World Bank opened on June 25th, 1946 and1October 5th, becoming one of the specialized agencies of the United Nations and one of the largest intergovernmental financial institutions in the world. Its function is to help underdeveloped member countries achieve economic development by providing loans for productive projects and providing guidance for reform plans.