Businesspeople have signed 81 international cooperation projects
involving an investment of US$3.249 billion at the ongoing Fourth
China-ASEAN Expo (CAEXPO).
"Contracts signed between Chinese and ASEAN businesspeople
continue to play a major role at this year's Expo," said Chen
Ruixi, director of Guangxi Zhuang Autonomous Region's business
promotion bureau, on Monday in Nanning, the permanent venue for the
Expo.
Of all the 81 projects, 37 were signed between China and ASEAN
countries, involving US$1.19 billion, or 37 percent of the total.
Contracts signed with Vietnam, Singapore, Malaysia, and Indonesia
take up 74 percent of the total value.
Manufacturing cooperation programs continue to take up the
biggest portion of all the contracts concluded, with 39 projects
involving US$1.94 billion signed at the Expo.
A labor cooperation contract involving 1,000 people was endorsed
between north China's Shanxi Province and Singapore. Organizers
said this is the first labor transfer contract ever signed in the
Expo's four-year history.
"China and the ASEAN have great potential for human resources
cooperation. The program is the rationalization of labor between
the two sides," Chen said.
(Xinhua News Agency October 29, 2007)
