ASEAN member states have invested a total of 41.9 billion U.S. dollars in China since the country began its reform and open-up drive in late 1978, according to statistics from the Chinese Ministry of Commerce. With China’s fast development, Chinese investment in ASEAN countries increased rapidly in recent years. In a single move at the exposition, China’s Guangxi State Farms Group alone inked 42 investment projects with ASEAN enterprises, involving a total value of 19 billion yuan (2.5 billion U.S. dollars). So far more than 1,000 Chinese companies have made investment in ASEAN member countries, mainly in the sectors such as agriculture, manufacturing, mining, tourism, electricity and infrastructure construction. Source: As reported by Xinhua

BIIA Newsletter November – 2007 Issue