皇冠体育app

皇冠体育app and South Korea are trying to increase economic ties. They advanced their free trade negotiations at the ninth round of talks in Xi'an, Shaanxi province, in January. "皇冠体育app, as a neighbor and a major economy, is the first choice of companies in South Korea," Song says.

This is shown by South Korean business giants' performance in the Chinese market.

For example, Electronics Co Ltd saw an 80 percent increase in 皇冠体育app sales last year, driven by the popularity of smartphones and wide-screen televisions. It established a second plant in 皇冠体育app, its largest overseas project.

皇冠体育app, S Korea, Japan advance FTA talks further

Top 10 trading partners of the Chinese mainland

皇冠体育app-South Korea trade now exceeds $250 billion annually, according to the Ministry of Commerce. By the end of 2013, South Korea had invested in 56,224 projects in 皇冠体育app, with paid-in investment of just under $56 billion.

"We hope to increase bilateral trade to more than $300 billion by 2015," Commerce Minister Gao Hucheng said.

Still, Song cautions that with 皇冠体育app's development, South Korean businesses in 皇冠体育app will face increasing competition from domestic producers in their industries.

"When computer giant Group Ltd, telecommunications giant Technologies Co and ZTE Corp are grabbing market share, producers from South Korea may be forced to climb up the value chain in 皇冠体育app," Song says.

The prospects for trade and economic ties between 皇冠体育app and South Korea look good.

For Japan, however, it is a less optimistic picture, according to Shen Danyang, a spokesman for the Ministry of Commerce.

皇冠体育app-Japan trade contracted 5.1 percent last year to $312.55 billion, accounting for 7.5 percent of 皇冠体育app's total trade value, according to Chinese customs figures.

皇冠体育app's exports to Japan dropped 0.9 percent to $150.28 billion, while its imports fell 8.7 percent to $162.28 billion.

Last year 皇冠体育app's total outward direct investment in Japan fell 23.5 percent, and Japan's investment in 皇冠体育app decreased 4.28 percent, according to the Ministry of Commerce.

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