Officials from China and ASEAN countries and leaders of Asian financial agencies met last week at the 2007 Pan-Beibu Gulf Economic Cooperation Forum to discuss economic and trade cooperation in the region.
The 2007 Pan-Beibu Gulf Economic Cooperation Forum was held in Nanning, capital city of China’s Southwest Guangxi Zhang Autonomous Region.
The Pan Beibu Gulf rim cooperation forum includes China, Vietnam, Malaysia, Singapore, Indonesia, the Philippines and Brunei. It was initiated by China last year and early signs are the it is working.
Jiang Zhenghua, vice chairman NPC Standing Committee, said, "The trade volume between China and the other six countries in 2006 reached 130 billion US dollars — up 22.6%."
Development among corporation members has also attracted the attention of many Asian financial institutions, the Asia Development Bank being one of them.
China View reported that the first vice president of Asia Development Bank, Lawrence Greenwood, said the emerging region of east Asia is one of the world’s most dynamic. The region grew at 8.7% last year, and the figure is expected to reach 8% this year.
Greenwood says the bank plans to provide more support in infrastructure and financial services to the Pan Beibu area.