- CNTV English - CCTV News

Background: China-ASEAN economic cooperation

08-10-2011 09:28 BJT

Watch Video

Play Video

China's economic ties with ASEAN countries have developed at a rapid pace since the China-ASEAN Free Trade Area was established last year. The two sides hope to expand cooperation in more sectors.

Data from the Ministry of Commerce shows that bilateral trade volume between China and ASEAN countries amounted to nearly 80 billion US dollars in the first half this year. That's an increase of 25 percent, compared to last year. China has become ASEAN's largest trading partner, while ASEAN has overcome Japan to become China's third largest trading partner.

Cooperation in investment is also improving. By the end of June, as much as 80 billion US dollars have been invested bilaterally. The Ministry of Commerce says China has provided more than 12 billion US dollars to fund infrastructure construction, such as roads and power stations, in ASEAN countries. In recent years, the two sides have enhanced cooperation in financial, architecture and tourism industries.

China and ASEAN countries agreed in 2002 to launch the China-ASEAN Free Trade Area in 2010. Ten key cooperation fields were set out, including agriculture, transportation, energy and the development of the Mekong River region.


ASEAN flag

Editor:Li Wanran |Source: CNTV.CN

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