Source: CCTV.com

05-12-2008 09:33

European and American markets have been the priorities for Chinese exporting enterprises. But, due to the increasing pressure from subprime crisis and yuan appreciation, the Ministry of Commerce encouraged more investment in the Eastern Asian countries on the East Asia Economic Forum which was held yesterday.

According to the estimate by the Asian Development Bank, the ASEAN countries's economies will grow 5 percent at large this year. However,the investment among the nations in the region currently account only 30 percent of the total foreign investment, while the Chinese investment on ASEAN countries makes up only 4 percent of its total foreign investment.

Chen Jian, Deputy Minister, Ministry of Commerce, said, "We encourage and support Chinese enterprises to keep closer contact with ASEAN countries' governments and enterprises to make new investment."

Now the investment opportunities are mainly in the areas of infrastructure, agriculture, energy and high technologies.

Li Ruogu, president China Import & Export Bank, said, The demand for investment on ASEAN infrastructure is 200 billion U.S. dollars every year, but the actual number is only 20 billion dollars.

 

Editor:Du Xiaodan