ASEAN companies eye China for future growth

0 CommentsPrint E-mail Xinhua, October 21, 2010
Adjust font size:

Companies from countries in the Association of Southeast Asian Nations (ASEAN) look to China as a key source of customers and are working to expand their presence in the world's fastest-growing major economy.

At the ongoing 7th China-ASEAN Expo, hundreds of companies from ASEAN member states -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam -- are eager to showcase their goods and services to Chinese customers, hoping to look for investment and trade opportunities at the event.

"Our company recognizes big opportunities in China, especially after the establishment of the China-ASEAN Free Trade Area this year," said Peter Paul, manager of the Lamoiyan Corporation of the Philippines, a personal care producer.

"If our products prove popular here, we will consider building plants in China," he added.

With a population of 1.3 billion, China remains one of the most attractive markets in the world, Peter Paul said. He also noted that his company should focus on high-end products and strengthen innovation to fight off competition from mass-market manufacturers and to make inroads into the already highly competitive Chinese market.

Biti's, Vietnam's best known manufacturer of durable footwear, attended the expo for the seventh year in a row.

"By virtue of the expos, our brand awareness has been raised among Chinese consumers," the company's vice manager, Lee Yungjie, said.

Also, the company's sales posted an annual growth of 30 percent in China. "If one out of every 100 people here buys a pair of shoes from us each year, our annual sales will hit 13 million pairs. Thus we see great potential here," Lee said.

Growing economic relations between China and ASEAN were reflected by expanding bilateral trade. From January to September, the two-way trade volume reached 211.3 billion U.S. dollars, up 44 percent year-on-year, an eye-catching growth as the world economy only begins to see a turnaround after the global financial crisis.

To further strengthen bilateral ties, China has proposed a 10-billion-U.S.-dollar infrastructure investment fund to improve roads, railways, airlines and information-telecommunication links between China and ASEAN countries. The country has also provided a 15-billion-U.S. dollar credit facility to promote regional integration and connectivity.

"We live at a time of accelerated adjustment in the international political and economic landscape and major opportunities in the development of Asia. The future and destiny of China and ASEAN countries are increasingly closely linked with each other," Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, said Tuesday at the opening ceremony of the 7th China-ASEAN Business and Investment Summit.

China's efforts to promote bilateral cooperation have been supported by leaders of ASEAN countries.

Boediono, Vice President of the Republic of Indonesia, said at the opening function of the expo summit that for almost two decades, China has been a reliable partner and played an important role in many ASEAN's ventures. "Now, China presents more opportunities for ASEAN. Likewise, the prosperity and stability of ASEAN are also beneficial to China," he noted.

Also, ASEAN business people are expected to benefit from healthy bilateral economic ties and increased exports of food, fruits and textiles to China.

Pham Quangvu, director of Vietnamese Vinacafe Bien Hoa Joint Stock Co., a leading coffee producer, said China's growing demand for coffee would provide his company with great opportunities.

"I'm confident my business will expand further in China, given strengthened China-ASEAN relations, the huge Chinese market and the establishment of the China-ASEAN FTA, which assists in the customs clearance and reduces logistics costs," he said.

The six-day expo kicked off in Nanning Tuesday. It was the first gathering since the China-ASEAN Free Trade Area, the world's largest FTA in terms of population, was established on January 1, 2010.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 免费a级试看片| 国产在线ts人妖免费视频| tubesex69| 精品福利一区二区三区免费视频| 国产日本一区二区三区| 96免费精品视频在线观看| 女人疯狂喷水爽视频| 亚洲av永久无码精品水牛影视| 永久在线毛片免费观看| 免费jjzz在在线播放国产| 精品日韩二区三区精品视频| 国产一卡2卡3卡四卡高清| 高能预警韩国双ts超美| 国产日韩一区二区三区在线观看| 全免费毛片在线播放| 国产美女做a免费视频软件| 99热这里只有精品国产动漫| 日本簧片在线观看| 亚洲av无码不卡在线播放| 欧美成人免费全部观看在线看| 亚洲精品在线电影| 特级毛片在线大全免费播放| 免费在线观看污网站| 精品国产午夜福利在线观看| 啊灬啊灬啊灬快灬深久久| 色噜噜狠狠狠狠色综合久一| 国产亚洲欧美日韩俺去了| 香蕉久久夜色精品升级完成| 国产成社区在线视频观看| 亚洲五月综合网色九月色| 国产精品国产福利国产秒拍| 51妺嘿嘿午夜福利| 国产限制级在线观看| 91手机在线视频| 国产调教在线观看| 91亚洲va在线天线va天堂va国产| 国产麻豆精品免费密入口| 91精品国产欧美一区二区| 国模冰冰双人炮gogo| 97久久精品人人做人人爽| 国模无码一区二区三区|