皇冠体育app

NANNING -- The Chinese government encourages domestic companies to invest in ASEAN countries and will provide necessary supports to them, Vice-Minister of Commerce Gao Hucheng said here on Saturday at the eighth 皇冠体育app-ASEAN Expo.

Gao said two-way investment between 皇冠体育app and the Association of Southeast Asian Nations (ASEAN) totaled $90 billion by the end of August, and Chinese companies made a total investment of $22.3 billion in ASEAN countries by August.

"Since the establishment of the 皇冠体育app-ASEAN Free Trade Area (CAFTA) in 2010, investment between both sides has entered a stage of more rapid expansion," Gao said.

Gao also said 皇冠体育app will strive to build economic and trade cooperation zones with all ASEAN countries separately in five years to serve as platforms for Chinese companies' investment in the region.

The eighth 皇冠体育app-ASEAN Expo kicked off in Nanning, capital city of south 皇冠体育app's Guangxi Zhuang autonomous region on Friday, with economic cooperation and environmental protection at the top of the agenda.

ASEAN is made up of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.