17thChina-ASEANExpoconcludesamidboosttoBRIcooperation-PeoplesDailyOnline

Tuesday, Dec 1, 2020SearchArchiveChineseChinese
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PortugueseHomeOpinionsBusinessMilitaryWorldSocietyCultureTravelScienceSportsSpecial CoveragePhotoVideoEnglish17th China-ASEAN Expo concludes amid boost to BRI cooperation(Xinhua)    11:01, December 01, 2020NANNING, Nov. 30 (Xinhua) -- The 17th China-ASEAN Expo and the concurrent China-ASEAN Business and Investment Summit concluded Monday in Nanning, the capital city of south Chinas Guangxi Zhuang Autonomous Region, promoting high-quality cooperation under Belt and Road Initiative (BRI).A total of 86 investment projects worth 263.87 billion yuan (around 40.1 billion U.S. dollars) were signed at the four-day event, up 43.6 percent year on year, according to data released by the expos secretariat at the closing ceremony.The investment projects in the fields of health, big data, logistics, new manufacturing, new materials, new energy and finance, accounted for 85.3 percent of the total.With an exhibition area of 104,000 square meters, this years expo set up 5,400 booths for 1,668 enterprises, including Fortune 500 and industry-leading companies. In addition, 1,956 enterprises from home and abroad participated virtually in the event.This years expo featured an exhibition area accommodating 108 companies from 22 countries, mostly countries participating in the BRI, including Pakistan, Iran, France, Italy and Russia.More than 150 trade and investment promotion activities were also held both online and offline during the expo.The 18th China-ASEAN Expo is preliminarily scheduled for Sept. 10 to 13, 2021, with Laos continuing as the Country of Honor and Pakistan the Special Partner Country.PROMOTING BRI COOPERATIONThis years expo has achieved good results conducive to pushing forward the development of the Belt and Road Initiative (BRI) and deepening cooperation among participating countries, according to the expos secretariat.During the expo, a strategic cooperation framework agreement among several logistics companies along the New International Land-Sea Trade Corridor was signed to speed up development of the BRI.The New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by western Chinese provincial regions and ASEAN member states. It serves as a bridge between the Silk Road Economic Belt and the 21st Century Maritime Silk Road.Meanwhile, nine commercial banks from provinces and cities along the corridor also signed a proposal to offer financial support for the construction of the land-sea trade corridor."Over the last 17 years, the China-ASEAN Expo not only demonstrated the achievements by China and ASEAN in strengthening business and investment cooperation but also became an important force in promoting the construction of the BRI," Sonexay Siphandone, Lao Deputy Prime Minister and Minister of Planning and Investment, said during the expo.Djauhari Oratmangun, Ambassador of Indonesia to China, said during the expo that better cooperation between China and ASEAN in the near future will benefit and serve the welfare of people in China, ASEAN and BRI countries.This years expo also highlighted the Regional Comprehensive Economic Partnership (RCEP), the worlds biggest trade pact, which was signed earlier this month by 15 Asia-Pacific countries, including ASEANs 10 members and China.Wang Lei, secretary-general of the expos secretariat, said that the high-level dialogue platform of the expo will be expanded from China and ASEAN to RCEP countries, encouraging them to play a more active role in development of the BRI.var addthis_config = {"data_track_addressbar":false};(For the latest China news, Please follow Peoples Daily on Twitter and Facebook)(Web editor: Wen Ying, Bianji)Add your comment/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var shortname=window.location.host;var disqus_shortname=;var disqus_identifier=;if (shortname==en.people.cn){disqus_shortname=enpeople;disqus_identifier = 9794432;}/* * * DONT EDIT BELOW THIS LINE * * */(function() {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = // + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();Please enable JavaScript to view the comments powered by Disqus.Related readingChina-ASEAN Expo adds momentum to economic development in post-pandemic era: Cambodian academicsChina’s Guangxi helps Southeast Asian countries reduce povertyHandicrafts exhibited on 17th China-ASEAN Expo attract attentionRCEP signals benefits of free trade, regional integration to be expanded -- AIIB vice presidentIn pics: 17th China-ASEAN Expo in NanningPakistani president calls for Chinese, ASEAN investment in SEZsWe RecommendNight market helps boost local economy in small town of Zhejiang
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