Premier Wen Jiabao announced at the opening of this week's ASEAN meeting
in Bali that the government would encourage Chinese companies to invest more in
Wen suggested that in two years
China's trade with the 10 ASEAN nations could overtake trade between the US and
Southeast Asia, which was US$120 billion last
Chinese energy companies have already started
investing in Indonesia's oil and gas fields.
The Premier said Chinese
investment in Southeast Asian countries was growing at an annual rate of more than 20
percent, and in some countries at more than 40 percent.