Latest News:  
Beijing   Light rain/Overcast    25 / 20 ℃  City Forecast

English>>Foreign Affairs

China, ASEAN should deepen cooperation in two-way investment: VP


16:49, September 21, 2012

NANNING, Sept. 21 (Xinhua) -- China and ASEAN should work more vigorously to deepen cooperation in two-way investment, Vice President Xi Jinping said here Friday.

Xi made the remarks at the opening ceremony of the 9th China-ASEAN Business and Investment Summit and 2012 Forum on China-ASEAN Free Trade Area in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.

In the second decade of this century, China will continue to combine "bringing in" and "going global," guide its enterprises to make overseas investments in an orderly way and actively work on cooperation projects designed to improve on local infrastructure and people's welfare, Xi said.

ASEAN countries are among the top destinations of Chinese enterprises "going global" and also are a key source of foreign investment in China, Xi said.

In recent years, investments in ASEAN countries by Chinese enterprises have increased rapidly, with areas expanding from traditional construction and project contracting to new energies, manufacturing, business service and other new areas, according to Xi.

While setting up economic and trade cooperation zones inside ASEAN countries, China will also encourage capable Chinese enterprises to expand their investment in ASEAN countries, he said, adding that China will, as always, welcome investment in China by enterprises from ASEAN countries, particularly in China's central and western regions where mutually-beneficial cooperation between the two sides promises huge potential returns. Most viewed commentaries

Most viewed commentaries
Japan will face negative consequences for its stubbornness Can mainland, Taiwan jointly defend Diaoyu Islands? Do not attempt to seize half inch of Chinese territory
Do not play with fire over Diaoyu Islands issue How could Japan "buy" China-owned Diaoyu Islands? What's Japan's greatest fear?


Related Reading

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


  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