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Photo taken on Oct. 29, 2007 shows the
exhibiting area for Myanmar's port city Yangon at the Nanning
International Exhibition Center, venue of the ongoing China-ASEAN Expo
(CAEXPO), in Nanning, capital of south China's Guangxi Zhuang Autonomous
Region. (Xinhua Photo)
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NANNING, Oct. 29 (Xinhua) -- Chinese and Southeast
Asia's political and business leaders and World Bank officials gathering at an
annual business summit in south China have showed great confidence in sound
regional economic growth in the region.
"The ratio of regional trade to the world's total has
increased by 13 percentage points over the past dozens of years" thanks to rapid
regional trade integration which involves China, said Johnnah Joy Phumaphi, vice
president of the World Bank at the Fourth China-ASEAN Expo, which opened on
Sunday in the southern China city of Nanning, along with the Fourth China-ASEAN
Business and Investment Summit.
China and ASEAN (Association of Southeast Asian
Nations) countries have witnessed rapid growth in bilateral trade, which
increased by 191 times -- from less than 8 billion U.S. dollars in 1991 to 160.8
billion dollars in 2006, an annual average growth of more than 20 percent.
In the first nine months this year, China-ASEAN trade
reached 146.5 billion dollars, up 26 percent year on year.
Judging from the current growth momentum, both China
and ASEAN members believe bilateral trade would top the mark of 200 billion
dollars in 2008, two years ahead the set target.
Participants in the summit agreed that if bilateral
trade keeps rising at the present rate of higher than 20 percent, the ASEAN
would become one of China's top trade partners in 2010 when the China-ASEAN Free
Trade Area is in place.
By that time, the world's most populous free trade
area, with a total population of 2 billion, would become a new engine to drive
the growth of the world economy, observers said.
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The 4th China-ASEAN Business &
Investment Summit opens in Nanning, capital of southwest China's Guangxi
Zhuang Autonomous Region, Oct. 28, 2007. (Xinhua Photo)
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China, ASEAN issue joint statement,
vowing to ensure food safety
NANNING, Oct. 29 (Xinhua) -- China and the Association of
Southeast Asian Nations (ASEAN) on Monday issued a joint statement, vowing to
strengthen cooperation in food safety, promote food trade and protect consumers'
rights and benefits.
The Nanning Joint Statement was issued at the end of the
two-day China-ASEAN Ministerial Conference on Quality Supervision, Inspection
and Quarantine in the southern China city of Nanning, where the Fourth
China-ASEAN Expo and Fourth China-ASEAN Business and Investment Summit are going
on. Full story
ASEAN expect more power development,
cooperation program with China
NANNING, Oct. 29 (Xinhua) -- Members of Association of
Southeast Asian Nations (ASEAN) expressed here Monday the hope that Chinese
power companies could expand cooperation with them in the field of electric
power generation.
"Energy Ministers from the ASEAN agreed to establish a
transnational power grid. We welcome Chinese companies to participate in
bilateral and multilateral power cooperation projects," Nicolas Tandi Dammen,
Deputy Secretary General of the ASEAN Secretariat, said at a forum on electric
power cooperation held in the southern Chinese city of Nanning. Full story
Fourth China-ASEAN Expo opens in
Nanning
NANNING, Oct. 28 (Xinhua) -- The Fourth China-ASEAN
Exposition (CAEXPO) opened here on Sunday morning in the southern China city of
Nanning. Political figures and business leaders of China and the ten countries
of the Association of Southeast Asian Nations, or ASEAN will be present at the
four-day event.
Chinese Vice Premier Zeng Peiyan, Cambodian Prime Minister
Hun Sen, Prime Minister of Laos Bouasone Bouphavamh, Vietnamese Prime Minister
Nguyen Tan Dung and Crown Prince of Brunei Al-Muhatadee Billah attended the
opening ceremony of the Expo. Full story
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