26 August, 9th China-ASEAN (10 + 1) and Trade Ministers meeting held in Viet Nam Da Nang. Chen Deming in the Conference that, at present, China and ASEAN to over 90% of cargo zero tariff, the next step should be focused on improving the mutual opening up trade in services, while also doing the China-ASEAN investment agreement of implementation work to safeguard and promote the further development of two-way investment cooperation.
Chen Deming Conference this year, the China-ASEAN free trade area of the fully completed, both trade and investment growth. 1-July this year, China and ASEAN import and export volume 1610 billion, an increase of 49.6%. Where the Chinese exports 767.3 billion, imports 842.7 billion, an increase of 43.2% respectively and 56.1%. ASEAN-China export growth rate than the growth rate of imports from China 13 percentage points higher. China deficit 75.4 billion. Imports from China and ASEAN countries, effectively promoting the expansion of employment and economic development.
China on the ASEAN investment and rapid growth, the first half of this year, China on the ASEAN new non-financial investment amount 12.2 billion, an increase of 125.7%. ASEAN has become China's enterprises to invest in major overseas destinations, there is still great potential in the future. (LU Zheng)
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