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China, Brunei Sign Documents on Economic Cooperation
China and Brunei signed an agreement on encouraging and protecting investment on November 17 in Bandar Seri Begawan.
The two countries also inked a long-term contract on China's purchasing crude oil from the oil rich country in southeast Asia, and a memorandum on tourism.
The documents were signed during Chinese President Jiang Zemin's first state visit to Brunei.
The Chinese leader started his two-day visit to Brunei after attending the 8th informal leadership meeting of the Asia-Pacific Economic Cooperation.
During the visit, Jiang met with Brunei Sultan Hassanal Bolkiah on bilateral ties. Both leaders expressed their hope to strengthen economic cooperation between the two countries.
Earlier November 17, Jiang also met with Brunei business executives and encouraged them to invest in China, especially in western China which is a hot point in China's economic development strategy in the next century.
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