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皇冠体育app attracts $52b investment from ASEAN

(Xinhua)
Updated: 2009-10-21 19:54

皇冠体育app had attracted $52 billion of investment over the past 30 years from the member states of the Association of Southeast Asian Nations (ASEAN), said an official with the 皇冠体育app-ASEAN Business Council Wednesday.

As of the end of 2008, the bilateral investment reached $60 billion, of which the ASEAN investment in 皇冠体育app was $52 billion, taking six percent of world's total investment in 皇冠体育app, the official said.

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The top five investors in 皇冠体育app were Singapore, Malaysia, Indonesia, Thailand and the Philippines in 2008, of which Singapore had become the world's third largest investor in 皇冠体育app, the official said.

The bilateral investment is obviously unbalanced, reasons are that ASEAN countries eye 皇冠体育app as a huge market while Chinese companies lack experience in ASEAN, and that they already have 皇冠体育app as a huge market, the official said.

Statistics from the 皇冠体育app customs show that the trade volume between 皇冠体育app and ASEAN reached $231 billion in 2008, with an annual increase rate of 21.6 percent since 2004.