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Chinese vice premier: Construction of key projects to benefits Chinese, ASEAN peoples
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15:03, October 28, 2007

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Chinese Vice Premier Zeng Peiyan on Sunday calls for implementation of key projects that China and the Association of Southeast Asian Nations (ASEAN) countries have agreed to carry out to benefit their peoples.

In a key note speech delivered at the opening of the Fourth China-ASEAN Business and Investment Summit in the southern China city of Nanning, Zeng said China and ASEAN countries, with a combined population of 1.8 billion, have a bright future for cooperation as both economies are highly complementary and develop rapidly.

"We should seize the hard-win historic opportunities to expand the field of cooperation and lift the level of cooperation," said the Chinese vice premier.

China and the ASEAN have listed agriculture, information and telecommunications, human resources development, two-way investment, development of the Mekong River basin, traffic, energy, culture, tourism and public health as the ten key fields for cooperation.

It is important to give priority to the development of some selected key projects with comparatively good conditions and strive to achieve positive results as soon as possible so as to bring concrete benefits to peoples of both China and the ASEAN countries, Zeng said.

The four-day China-ASEAN Business and Investment Summit runs parallel with the China-ASEAN Expo, which was proposed by Chinese Premier Wen Jiabao in October 2003 to deepen the strategic partnership between the two sides. The proposal was jointly promoted by leaders of the ten ASEAN countries and the exposition, the first of which was launched in Nanning in 2004, has become an important platform for cooperation between China and ten ASEAN countries.

According to the organizing committee, a total of 3,400 booths have been set up at the current exposition, and 1,128 were launched by enterprises from the ASEAN countries, accounting for 33 percent of the total and growing by 35 percent from the last event.

Source: Xinhua

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