Special Report:Global Financial Crisis
by Gao Chuan and Zhang Yongxing
SINGAPORE, March 4 (Chinese media) -- It is important and urgent for China and the
Association of Southeast Asian Nations (ASEAN) to enhance mutually beneficial
cooperation and work together to tide over the current economic crisis, which
has impacted greatly on the world economy, a senior Chinese diplomat has said
recently.
In an exclusive interview with Chinese media, Chinese Ambassador to Singapore
Zhang Xiaokang said that the current economic downturn has posed severe
challenges to the economic growth and social stability of many developing
countries, thus making it more urgent than ever for China and ASEAN to fully
implement their cooperation plans, such as the establishment of the Free Trade
Area (FTA), the connection of infrastructures and the promotion of sub-regional
cooperation.
Zhang stressed the importance of strengthening China-ASEAN ties, saying
that the growth of China-ASEAN dialogue relationship shows that China and the
10-member group are inter-dependent and the respective development is mutually
reinforcing.
"China can benefit from ASEAN for its stability and prosperity, while ASEAN
can also benefit from China for its development," she said.
Voicing her opposition against protectionism, the ambassador said that
China and ASEAN should make joint efforts to fight against protectionism, and
both sides should keep their doors open and maintain trade and investment to
each other.
Zhang also noted the importance for both sides to actively engage in the
Chiang Mai Initiative Multilateralisation to promote regional financial
cooperation and stabilize regional financial market.
Speaking of China-ASEAN relation, Zhang said China became a full dialogue
partner of ASEAN in 1996, and the two sides have since then rapidly developed
cooperation in all fields.
China and ASEAN have built up political mutual trust and respect and
carried out fruitful economic cooperation, the friendship between both people
has also increased. In 2008, China-ASEAN trade reached 231.1 billion U.S.
dollars despite of the financial crisis, up by 13.9 percent over the previous
year.
As both China and ASEAN are now entering a new stage in respective
development, the ambassador advised that both sides should further cooperate in
the following aspects:
First, both sides should continue to make joint efforts on all fronts to
ensure the fully implementation of the ASEAN-China FTA.
Zhang said both sides are hoping to conclude the Investment Chapter before
this year's ASEAN-China Summit, and the ASEAN-China FTA is expected to be
established in due time.
She added that the Chinese government will continue to support Chinese
companies to invest and develop in ASEAN countries.
Second, both sides should enhance cooperation in infrastructure building,
especially in increasing road, railway, airlines and information
telecommunications links to facilitate business ties and mutual visits.
Third, both sides should deepen and expand sub-regional cooperation, such
as ASEAN Mekong Basin Development Cooperation and East ASEAN Growth Area.
"China will continue to carry out feasibility study for Pan-Beibu Gulf
economic cooperation," Zhang said, adding that "ASEAN countries are also
welcomed to take part in the modernization of other places in China, such as the
western, central, coastal and bordering areas."
Zhang added that China will make continued efforts to ensure the success of
the China-ASEAN Expo and the China ASEAN Business and Investment Summit to turn
them into important platforms for China and ASEAN to expand exchanges and
cooperation for mutual benefit and common development.
Fourth, both sides should expand cooperation in agriculture, energy,
environmental protection and climate change.
Fifth, both sides should actively implement the Declaration on the Conduct
of Parties in the South China Sea and make progress in taking follow-up actions,
advance practical cooperation and joint development in South China Sea and
maintain stability in the area.
Zhang said China is willing to expand cooperation with ASEAN through 10+1
(ASEAN plus China) and 10+3 (ASEAN plus China, Japan and South Korea), as well
as other regional and international frameworks or organizations such as the East
Asia Summit, the Asia-Pacific Economic Cooperation (APEC) and G20 to promote
peace, stability and development in both Asia and the world.
The ambassador described China-ASEAN cooperation as a win-win outcome,
believing that such cooperation will no doubt have a brighter future.
ASEAN, which was formed in 1967, now groups Brunei, Cambodia, Indonesia,
Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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