中文FrançaisDeutsch日本語Русский языкEspañolعربيEsperanto한국어BIG5
CHINA DEVELOPMENT GATEWAY
SiteMap Feedback
Travel Living in China Archaeology Film Learning Chinese Chinatown Suppliers
Home China International Business Government Education Environment Culture Women Books & Magazines Sports Health Entertainment
Home / Premier Wen Visits S.Korea.Japan / South Korea Visit Tools: Save | Print | E-mail | Most Read
Trade with S. Korea to Get 'Big Boost'
Adjust font size:  ZoomIn ZoomOut

Trade between China and South Korea is expected to reach US$200 billion in five years if it keeps growing at 15 percent a year, a leading expert said yesterday, a day before Premier Wen Jiabao begins his two-day visit to South Korea.

 

The target is highly achievable, given the strengthening of trade and economic relations between the two countries, and the 26.2 percent annual growth between 2001 and 2006, said Xu Changwen, a researcher with the Chinese Academy of International Trade and Economic Cooperation, under the commerce ministry.

 

Xu attributes the fast growth to the complementary characters of the two economies.

 

The economic minister in South Korean embassy in Beijing Shin Bong-kil corroborated Xu, and said imports and exports in high and new technology would increase remarkably and industrial exchanges would intensify.

 

Last year, the trade volume between the two countries was US$134.3 billion, according to China customs' statistics, with the country having a trade deficit of US$45.3 billion.

 

Shin expects the trade gap to narrow down as South Korean enterprises in China increase sourcing locally. South Korea is the fourth largest foreign investor in China. The first three are the United States, Japan and Singapore. Also, China is the top destination for South Korean investors.

 

Xu said China, particularly its eastern and southern parts, is attracting South Korean businesses because of its economic growth, domestic demand as well as the good profit margin it offers.

 

"So far, South Korean investors have focused on small and medium-sized projects, some of who don't even understand the Chinese market fully," Xu said.

 

South Korean enterprises will seek a strategic change in China, Shin said, because of the changes in the Chinese government's policies on foreign investment.

 

South Korean investors are expected to shift from labor-intensive, low-cost small manufactures to large enterprises using higher technologies, he said. They could change their investment destinations, too, by moving to the central, western and northeastern parts of China.

 

"Progress is also expected in the logistics, design and financing sectors," Shin said.

 

Both the countries are keen on free trade agreements (FTAs) but want to jointly study the possibility of setting up a Sino-South Korean free-trade zone before deciding when to launch their FTA negotiations.

 

China has FTAs with more than two dozen economies, while South Korea just inked its first with the United States. It is trying to hold talks with India, Canada and Japan in the hope of signing FTAs.

 

Experts from China and South Korea have agreed that an FTA would promote bilateral trade and investment further, boost their economies and create more jobs.

 

(China Daily April 10, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories
> Korean Nuclear Talks
> Middle East Peace Process
> Iran Nuclear Issue
> Reconstruction of Iraq
> 6th SCO Summit Meeting
Links
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號
主站蜘蛛池模板: 精品久久久久久无码中文字幕一区 | 日韩在线播放全免费| 天天躁天天狠天天透| 中文字幕版免费电影网站| 日本精品一卡二卡≡卡四卡| 亚洲av成人无码久久精品老人| 欧美精品九九99久久在免费线 | 女大学生的沙龙室| 两腿之间的私密图片| 日本h在线精品免费观看| 久久精品国产精品亚洲毛片| 欧日韩在线不卡视频| 亚洲成AV人片在线观看无码不卡| 激情内射亚州一区二区三区爱妻| 免费看国产曰批40分钟| 一级肉体片在线观看| 日本大片免a费观看视频| 亚洲AV综合色区无码二区偷拍| 欧美又大粗又爽又黄大片视频 | 国自产精品手机在线观看视频| www.天天射| 娇妻之欲海泛舟白丽交换| 两性高清性色生活片性高清←片| 无码人妻精品一二三区免费| 国产男女猛烈无遮挡免费视频网站 | 亚洲精品成人av在线| 粗大的内捧猛烈进出在线视频 | 舌头伸进去里面吃小豆豆| 国产亚洲人成在线影院| 高清色本在线www| 国产成人av三级在线观看| 国产情侣一区二区| 国产日韩一区二区三区在线观看| 亚洲成年www| 国产欧美精品区一区二区三区 | 久热这里只有精品视频6| 欧美40老熟妇| 亚洲AV第一成肉网| 最近中文字幕的在线mv视频| 亚洲AV无码AV制服另类专区| 最近中文字幕在线视频|