The “China-ASEAN Production Capacity and Investment Cooperation Forum” recently kicked off in Nanning, Guangxi at the 17th China-ASEAN Expo.

The event was held physically at the main venue in Nanning as well as virtually, carrying the theme “Deepen Production Capacity Cooperation and Address Common Challenges”.

The forum forged a platform for deepening the cooperation in production capacity and investment between China and ASEAN countries and co-addressing the challenges posed by the COVID-19.

Image: caexpo.org

In his keynote speech, China’s Deputy Director of the National Development and Reform Commission and Director of the National Bureau of Statistics Ning Jizhe summed up the positive results of China-ASEAN cooperation in recent years and introduced China’s fight against the COVID-19 and economic development.

He also elaborated on the potential and prospects for China and ASEAN to conduct cooperation in production capacity and realize the integrated development of industrial chains and supply chains.

Moreover, the forum put forward four pieces of suggestions including making new progress in open and inclusive regional economic cooperation, creating a strong and safe regional industrial chain, giving new impetus to innovation-led regional development, and cultivating new growth areas for the green and clean development of the regional economy.

Image: caexpo.org

Enterprises in ASEAN countries were invited to invest and set up businesses in China, said CAEXPO Secretariat in a statement.

For his part, the Executive Vice Chairman of the People’s Government of Guangxi Zhuang Autonomous Region Qin Rupei said that Guangxi has in recent years promoted and participated in international cooperation in production capacity, and expanded the areas of investment cooperation.

“It is hoped that we continue to work with ASEAN countries to tide over the difficulties, and promote all parties to make new progress in production capacity and investment cooperation, targeted industrial matchmaking, and construction of open and shared platforms among others,” he said.

Participants of the forum include Bruneian Ambassador to China Pehin Orang Kaya Seri Pahlawan Colonel (Rtd) Dato Paduka Haji Abdu’r Rahmani Dato Paduka Haji Basir; Indonesian Ambassador to China Djauhari Oratmangun; Cambodian Ambassador to China Khek Caimealy Sysod; Malaysian Ambassador to China Raja Dato’ Nushirwan Zainal Abidin; and Consul-General of the Laotian Consulate General in Nanning whom each was invited to deliver their speeches.

Other participants were representatives of embassies and consulates of Singapore, Thailand, Vietnam, South Korea, and Belgium in China.

In their speeches, the diplomatic envoys of ASEAN countries expressed their support for the production capacity and investment cooperation while highlighting the positive role of production capacity and investment cooperation in advancing regional economic development.

They also introduced the economic development and industrial development demands in their respective countries and put forward views and suggestions on jointly addressing the challenges of the COVID-19 and stabilising social and economic development.

Moreover, representatives of domestic and foreign enterprises and financial institutions including Thai Chia Tai Group, China Export & Credit Insurance Corporation, Silk Road Fund, China Resources Group, SUSUN Group, SF Express Group, and Guangxi Liugong Group also gave their remarks at the forum.

Some 150 representatives from relevant Chinese government departments, financial institutions, enterprises, and think tanks, ASEAN countries’ diplomatic envoys to China, and enterprises and investment promotion agencies in China were present.

The event was co-hosted by the Chinese National Development and Reform Commission and the People’s Government of Guangxi Zhuang Autonomous Region, and co-organised by the International Cooperation Center of National Development and Reform Commission, Development and Reform Commission of the Guangxi Zhuang Autonomous Region, and Secretariat of the China-ASEAN Expo. – Analisa Amu

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