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Communist Party of China CPC>>News
08:07, October 20, 2010

7th China-ASEAN Expo opens to provide new opportunities, witness fruits of CAFTA (3)
Jia stressed that China would continue to pursue the policy of building friendship and partnership with neighbors and following this policy guideline, strengthen strategic mutual trust with ASEAN.

Indonesian Vice President Boediono also addressed the opening ceremony, saying that China and ASEAN together constitute an influential powerhouse in the world's economy.

Boediono said that the realization of the CAFTA marked a new era of China and ASEAN's strategic partnership and a milestone in the regional economic integration.

"China is the full-fledged largest trading partner of ASEAN, while ASEAN also emerges as the biggest destination of Chinese investment," Boediono said, addding ASEAN is expecting more investment inflows from China.

Boediono also said that the Expo would undoubtedly open new doors to opportunities for cooperation, which would mold ASEAN and China into a stronger economic entity in the "ever competitive global market."

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

CAEXPO was initiated by Chinese Premier Wen Jiabao at the 7th China-ASEAN summit in 2003, in a bid to promote the establishment of CAFTA and common prosperity.

Source: Xinhua
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