More than 2,000 companies participate in seventh China-ASEAN Expo (2)

21:58, October 19, 2010      

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The six-day CAEXPO has the theme "CAFTA and New Opportunities" and will host 10 high-level forums on financial, agriculture, electricity, law and medicine.

Jia Guoyong, deputy director of Trade and Development of the Chinese Ministry of Commerce (MOC), told the press briefing on CAEXPO that the accumulative investment between China and ASEAN reached 69.4 billion U.S. dollars by the end of June this year.

ASEAN has become China's third largest importing market and the fourth largest exporting market as China-ASEAN trade topped 185.38 billion U.S. dollars in the first eight months of this year, according to MOC statistics.

During the January-August period, China's imports from ASEAN jumped 54.4 percent year on year to 97.31 billion U.S. Dollars, while its exports to ASEAN rose 40 percent year on year to 88.07 billions U.S. dollars, resulting a trade deficit of 9.23 billion U.S. dollars.

CAEXPO was initiated by Chinese Premier Wen Jiabao at the 7th China-ASEAN summit in 2003, in a bid to promote the establishment of CAFTA and common prosperity.

Source: Xinhua
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