Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 20:28, October 19, 2005
Second China-ASEAN Business and Investment Summit opens
font size    

The second China-ASEAN Business and Investment Summit opened Wednesday afternoon in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.

Chinese Minister of Commerce Bo Xilai said at the opening ceremony that the leaders of China and the Association of South East Asian Nations (ASEAN) countries attach great importance to economic and trade cooperation.

He said China upholds the policy of bringing stability, peace and wealth to neighboring countries in the cooperation with ASEAN members.

ASEAN Secretary General Ong Keng Yong said trade between China and ASEAN countries grew rapidly from 2002 to 2004 with an annual growth rate of 38.9 percent on the average.

Gross bilateral trade value surpassed 100 billion US dollars last year, which made China and ASEAN became each other's fourth largest trade partner.

Under the Framework Agreement on Comprehensive Economic Cooperation, China and ASEAN countries have reached the agreement to progressively liberalize trade in goods and services and to establish an open and competitive investment mechanism, said Choummaly Sayasone, vice president of Laos.

Somkid Jatusripitak, deputy prime minister of Thailand, said at the summit that the development of China should be regarded as an important opportunity rather than a threat to ASEAN countries.

He said all ASEAN countries should remember and thank China for its active role in the Asia Financial Crisis.

Sponsored by the China Council for the Promotion of International Trade and the commerce union of ASEAN member countries, the summit features the theme of "China and ASEAN members: opening and development of market."

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Second China-ASEAN Expo opens in south China

- China-ASEAN Expo opens for further cooperation

- China-ASEAN trade, economic cooperation enters golden period: official

- China-ASEAN Business Council holds 4th meeting in Nanning


Online marketplace of Manufacturers & Wholesalers
 
Copyright by People's Daily Online, all rights reserved