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3rd China-ASEAN Expo ends with surging trade volume
www.chinaview.cn 2006-11-03 18:31:25

Special Report: China-ASEAN Expo
    

    NANNING, Nov. 3 (Xinhua) -- The third annual China-ASEAN Expo ended here on Friday with a trade volume totaling 1.27 billion U.S. dollars, up 10.2 percent from last year, according to the Expo's organizing committee.

    With the exports of 1.03 billion dollars, imports of 75 million dollars and the domestic trade of 167 million dollars, this year's Expo enjoyed brisk trade growth, announced Li Jinzao, deputy director of the organizing committee at a press conference.

    Trade in mechanical equipment stood at 635 million dollars, accounting for half of the total, followed by electronic products, agricultural products and farming materials, he said.

    Traded goods at the Expo has shifted from agricultural products like fruits and vegetables in 2004 to industrial products this year, said Zhang Xiaoqin, an official with the Secretariat of the Expo.

    The growing trade of mechanical and high-tech products at the Expo demonstrates changes in the two-way trade between China and ASEAN countries, said Zhang.

    More than 130 contracts on international projects, including investments of 5.85 billion dollars, were signed at the Expo, a 10.5-percent growth as compared with last year.

    The total contractual investments included 2.56 billion dollars by Chinese investors to projects in ASEAN countries.

Editor: Pliny Han
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