Latest News:  
Beijing   Overcast/Cloudy    27 / 19 ℃  City Forecast

English>>China Business

Measure is of strategic importance for regional economic integration

(China Daily)

09:17, September 22, 2012

Beijing on Friday pledged to advance China-ASEAN connectivity and FTA development in a bid to lift trade, while reiterating that China will not seek dominance through its growing economy.

Analysts said increasing trade and economic ties have become an effective engine to ensure China-ASEAN ties stay on track as they have been recently shadowed by maritime claims.

Addressing the annual China-ASEAN Business and Investment Summit, Vice-President Xi Jinping asked the regional countries to advance connectivity, which he said is "a measure of strategic importance" for integration and economic competitiveness.

China is actively preparing for the establishment of the Chinese Committee on China-ASEAN Connectivity and will set up exchanges with ASEAN agencies.

"We are also ready to set up an investment and financing platform for connectivity, step up land connectivity with ASEAN countries, build maritime connectivity networks and expand cooperation in areas such as ports, maritime logistics and port industries," said Xi.

ASEAN members are among the top destinations for Chinese enterprises going global, and a key source of foreign investment in China in recent years.

Strengthening land and maritime connectivity has been a key part for both China and ASEAN to lift trade ties.

Trade between China and ASEAN surged from $7 billion in the early days of China-ASEAN relations to $362.8 billion last year.

China and ASEAN have a trade volume target of $500 billion by 2015.

The business summit, together with the China-ASEAN EXPO, which convenes at the same time, has become a major platform to realize goals set by the China-ASEAN FTA.

The China-ASEAN FTA, launched two years ago, covers 1.9 billion people.

China has been ASEAN's largest trading partner for three consecutive years and ASEAN has become China's third largest trading partner.

【1】 【2】 【3】


News we recommend:
Banks need to transform to boost margins Consumer finance set to boom in China Ailing steel industry cheered by construction projects
Chinese firms ramp up presence in Thailand Chinese go online to buy latest iPhone Chinese winemakers demand anti-dumping
Energy conservation: A new investment opportunity  Summer Davos cultural dinner party held in Tianjin Steel producers face bleak months ahead

Email|Print|Comments(Editor:厉振羽、马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. PLA Air Force conducts search and rescue exercise

  2. Endeavour takes off for last journey

  3. Foreign realty developers target China

  4. China's young piano prince

  5. The first Chinese science comic contest announces results

  6. Sexy & Violence --- Mexican women's wrestling

Most Popular

Opinions

  1. Gearing up for knowledge economy
  2. Editorial: Protectionism harmful
  3. US attack of Chinese autos baseless
  4. Stronger China-EU partnership benefits both sides
  5. Violent protesters not representative of real issue
  6. China, EU should set example in resolving disputes
  7. Chances of solving Syria crisis regionally ruled out
  8. Japan has never made effort to reflect its past
  9. Global value chains in the world economy
  10. Renaming of South China Sea draws some flak

What's happening in China

Chemical leakage turns villages red in Shandong

  1. Watchdog vows to severely punish dairy
  2. Women jailed for abducting 9-month-old
  3. Nanjing Massacre video compilation progressing
  4. Tax refund for owners of destroyed cars
  5. Shaanxi declines to reveal official's salary

China Features

  1. Visual spectacle in the eyes of Chinese diplomats
  2. Focus on North Korea's schoolgirls
  3. US suffers 'Arab winter'
  4. To live an amazing life
  5. Survivors tell you how to survive traffic accidents

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture