Interview: China
SINGAPORE, April 8 (Xinhua) -- The Chinese economy has promising prospects and China-ASEAN economic and trade links are inseparable, with the integration of the bilateral industrial chains to be deeper, a senior executive of United Overseas Bank (UOB) China told Xinhua in a recent interview.
China and the Association of Southeast Asian Nations (ASEAN) share a common development philosophy and industrial chains, said Cynthia Xin, general manager of Beijing branch, UOB China.
From her perspective, China has built industrial chains covering many fields, including high-end manufacturing, over the past decades. Notably, such industrial chains are under steady development, giving China an obvious advantage.
Cooperation between the two major economies has evolved from economic and trade exchanges to industrial chain integration, she said.
China, as the largest trade partner of ASEAN, can extend and drive the industrial chain development of the whole ASEAN through RCEP and other economic and trade agreements, she added.
The investment volume between China and ASEAN is increasing with a growing proportion of greenfield investment, which indicates that industrial chain integration between the two sides will further deepen, said Xin.
"I can tell from work that Chinese business partners are practical and down-to-earth. They consider more about cost-saving and efficiency. Thus, I am confident of China's economic performance," she noted.
"Overseas capital and companies will maintain their interest in China as long as the country keeps opening up," Xin said.
Related articles
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
WICHITA, Kan. (AP) — Fast-moving storms with strong winds, large hail and apparent tornadoes swept O2024-05-21Xi meets Vietnam's National Assembly chairman
Chinese President Xi Jinping on Monday met with Chairman of the National Assembly of Vietnam Vuong D2024-05-21China airs concern over Japan's move to sell jets
China's Foreign Ministry on Tuesday expressed grave concern over Japan's latest step away from the p2024-05-21China again lodges solemn representations to Philippines regarding Ren'ai Jiao
Chinese Vice Foreign Minister Chen Xiaodong and the Chinese Embassy in the Philippines on Monday lod2024-05-21Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
PHOENIX (AP) — The nonpartisan Commission on Presidential Debates, which has planned presidential fa2024-05-21Truce remains elusive in Gaza as talks fall flat
The latest round of contentious cease-fire talks in Qatar ended without a deal, even as Israel is ac2024-05-21
atest comment