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China-ROK 20-year friendship to continue (2)

By Zhang Yunbi  (China Daily)

13:59, September 01, 2012

China is now the ROK's top export destination and import source, while the ROK is China's third-largest trade partner.

Statistics from the General Administration of Customs show that annual trade between the two nations climbed to $245.6 billion in 2011, a year-on-year increase of 18 percent.

During the 2012 Nuclear Security Summit in Seoul in late March, President Hu Jintao expressed confidence to his ROK counterpart Lee Myung-bak that bilateral trade will reach $300 billion by 2015.

The ROK ambassador said both nations have experienced difficulty in exporting to Europe amid the current global economic downturn.

"Yet trade and investment between China and the ROK has not been greatly affected, and in fact, investment is expanding," Lee said.

During a reception dinner attended by Vice-President Xi Jinping on Friday at the Great Hall of the People in Beijing commemorating the 20th anniversary of diplomatic ties, Lee hailed the two country's deepening strategic partnership.

He pointed to the 120 daily flights between the two countries and the more-than-70,000 students from the ROK studying in China. Lee expressed his hope that the trend will continue to grow.

【1】 【2】

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