22 Oct '11, 8am

China, ASEAN members eye cooperation for regional growth #malaysia

Nanning (China Daily/ANN) - Chinese Premier Wen Jiabao on Friday urged China and ASEAN to increase the scale of currency swaps, pledging to boost the imports of competitive products from the regional bloc. "China is willing to have close cooperation with ASEAN to expand the scale and range of currency swaps to further enhance the region's ability to tackle global financial risks," Wen said while addressing business leaders and government officials at the opening of the eighth China-ASEAN Business and Investment Summit. He promised to build a China-ASEAN commodity trade center in the capital city of South China's Guangxi Zhuang autonomous region to serve as an exhibition platform and logistic base for both sides. "I hope the ASEAN enterprises will take advantage of this platform to win an even bigger Chinese market share," Wen said. Though Wen did not specify how China and ...

Full article: http://sg.news.yahoo.com/china-asean-members-eye-cooperat...

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