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ROK to Drum up More Investment in Xinjiang: Ambassador to China
Kwon Byong-hyon, ambassador of the Republic of Korea (ROK) to China, said in an interview Monday that his country will pour more investment into China's Xinjiang Uygur Autonomous Region.
Kwon said that his country will project a larger amount of investment in fields involving not only sophisticated science and technology and industrial chemicals production but also development of transportation, resource exploration, infrastructure, and the tertiary industry, especially construction of a "west-east" pipeline from Tarim Basin to Shanghai..
The ambassador said that during the past eight years since after China and ROK established diplomatic relations in 1992, the two countries have witnessed rapid development of economic cooperation, with a trade amount to $25 billion from $4 billion achieved.
ROK is China's third biggest trade partner. Statistics show investment from ROK has soared to US$5 billion from US$100 million and that exchanges of personnel between the two countries have now been up to over 1 million persons/times from 10 thousand when diplomatic ties were first forged by the two countries.
As to his country's trade and economic relations with Xinjiang, Kwon Byong-hyon claimed that ROK is Xinjiang's second largest trade partner with an annual export/import worth US$60 million, failing still to match the pace of development of things in the region.
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