CCTV.com - CNTV English - CCTV News

China hails fruitful economic cooperation with Vietnam, Thailand: official

12-20-2011 09:17 BJT

BEIJING, Dec. 19 (Xinhua) -- China has conducted fruitful economic and trade cooperation with Vietnam and Thailand, Vice Minister of Commerce Chen Jian said on Monday, a day before Vice President Xi Jinping starts his visit to the two neighboring countries.

China, Vietnam and Thailand have achieved satisfying results in trade, investment and economic cooperation, Chen said, adding that the vice president's visit will further strengthen ties between China and the two countries and facilitate the achievements from their economic cooperation.

China has been Vietnam's largest trading partner for the last seven years and is also the largest export market and second-largest source of imports for Thailand at present.

The establishment of the China-ASEAN Free Trade Area (CAFTA) in 2010 has promoted the development of bilateral trade between China and the two countries, Chen said.

"I believe that businessmen in all three countries will make full use of this platform to further expand bilateral trade," he added.

Chen said mutual investment between China and the two countries is also growing.

Statistics from the Ministry of Commerce showed that actual investment from Thailand to China totaled 3.39 billion U.S. dollars by the end of October 2011, while newly-added actual investment from Thailand during the first ten months of this year amounted to 98.54 million U.S. dollars.

Non-financial FDI stock from China to Vietnam and Thailand amounted to 1.02 billion and 760 million U.S. dollars, respectively, by the end of October 2011, and China's investment flow to Vietnam and Thailand during the first 10 months of this year came out to 120 million and 150 million U.S. dollars, respectively.

Chen also said that economic and trade cooperation between China, Vietnam and Thailand is being deepened. Several large-scale cooperative projects in the areas of infrastructure construction, agriculture and manufacturing are currently under negotiation or construction, Chen said.

China has signed agreements to expand bilateral trade and economic cooperation with Vietnam and Thailand. Under the agreements, a five-year development plan for economic cooperation between China and Vietnam has been made, and China is now working with Thailand on a five-year development plan, according to Chen.

The development plans will bring economic cooperation between China and the two countries to a higher level and more achievements will be made in the area, Chen added.

Editor:Zhang Hao |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program