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62 CAEXPO International Economic Cooperation Projects Signed

Source: China-ASEAN Expo Secretariat    Time:2015-09-21 10:17:07

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On September 19, the signing ceremony of the 12th China-ASEAN Expo International Economic Cooperation Projects was held in Nanning. 62 international economic cooperation projects covering from logistics, new equipment manufacturing, finance and trade, to hi-tech and information software services, etc. were signed at this ceremony. Officers of commerce and diplomats of China and 7 ASEAN countries, namely Cambodia, Indonesia, Laos, Myanmar, Singapore, Thailand and Vietnam, and leaders of Jiangxi, Jilin, Hunan and Guangxi attended the ceremony to witness the signing.
 

The signing ceremony was highlighted in four aspects. Firstly, the “One Belt, One Road” effect is obvious. The number of projects involving “21st Century Maritime Silk Road" industry has exceeded 20, an increase by about 50% compared to that of last year, which indicates that the various regions of China have directly transferred the facilitation policies in FTA into real business opportunities. Secondly, the economic and trade cooperation between China and ASEAN countries has become mature with coordinated development. China and ASEAN countries signed 15 cooperation projects at this ceremony, including 7 projects involving China’s investment in ASEAN countries. Thirdly, the structural optimization of the signed projects is obvious and it will help drive the transformation and upgrading. At this ceremony, the proportion of projects involving the first industry and third industry increased. High-end manufacturing industries have made rapid growth, while traditional, low-end industries had sharp decline. Fourthly, China-ASEAN Expo has become the world's big economic and trade cooperation platform where major projects drive the strong development of various industries. There are also new changes in the investment source countries. Mutual investment with the United States, Canada, Portugal, Australia, Mauritania, Japan and other countries has emerged.

 

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