10 Asean Countries Will Benefit From China's Strategy Of Expanding Domestic Demand

China - ASEAN Free Trade Area in January 2010 completed on schedule

, coincides with the international financial crisis is still exist, while China took the lead in the world economy to achieve the overall recovery in the right direction. Is being held in Nanning, China - ASEAN forum, the participants of some politicians and business people believe that the 10 ASEAN countries will adjust the structure being implemented in China, expanding domestic demand and strategic benefit.

The financial crisis, China and 10 ASEAN countries seriously implement the free trade area agreements, mutual opening up the market, greatly reducing the negative impact of the crisis. Chinese customs statistics, only in 2008, China has imported products from ASEAN to reduce tariffs to 36 billion yuan to strengthen the ASEAN products into China's competitiveness.

The international financial crisis, China in November 2008 of measures to expand domestic demand and rapid start 4 trillion yuan economic stimulus package to speed up rail, road and airport and other major infrastructure to support high-tech industry, construction and industrial technology, etc. then release the steel, automobile, etc. Ten Industry Promotion Planning.

Actively expand domestic demand, maintain economic growth to reverse the downward trend of China's economy is one important means. China's 2010 economic growth will determine the focus of the "make efforts to promote development mode", which means that China is determined to change the way the development of over-dependence on exports, domestic demand started to usher in a valuable window, but also bring more market opportunities.

Guohai a study that, in support of policy continuity and consumption began to release the dual effect of stimulation, adjust the structure of China's economy in 2010, expanding domestic demand may be in the automotive, retail, medical, appliance and other industries driving more investment and profit opportunities .

The automobile industry as an example, the revitalization plan in the industry, car to the countryside, trade-series policy, driven by multinational companies already in China to achieve substantial gains in the domestic market: Ford recently announced that the United States in 2009, car sales in China reached 440,600, an increase of more than 2008 compared to 44%. Toyota Motor Corporation said sales of cars in China, 2009, 709 000, up 21%.

In the China - ASEAN forum, Ma Biao, Chairman of Guangxi Zhuang Autonomous Region invitation, hope to continue to work together with ASEAN countries build Gulf Economic Zone, deepening the port cooperation, strengthening the terminal building, logistics, airline flights, information and human resource training, exchanges and cooperation, promote the development of port logistics, explore the establishment of China? ASEAN Port Union, to achieve common development.

Singapore Trade and Industry Ministry official Wu Fengping said, whether in trade in goods or trade in services and investment fields, we will further reduce barriers to the future, our bilateral trade and investment will go further. She explained that a wide range of Singapore investment in China, in Suzhou, the Suzhou Industrial Park project in Nanning is also involved in some inland cities.

Malaysian International Trade and Industry Deputy Minister Nadumuke force said the Malaysian companies are increasingly enjoy the benefits of the Chinese market, China will continue to be a critical market of Malaysia. He expects that China's future architecture, engineering, telecommunications, transportation, financial services, education, health care, tourism and other fields will gradually open the door to the huge demand.

China - China-ASEAN Business Council, the Secretariat of the Permanent Secretary Xu Ningning, in the long run, investment demand and further release and sustainable economic growth requires private investment follow-up, with the free trade area investment and trade policies and market threshold gradually relaxed, industrial and commercial enterprises from ASEAN countries will be a good market opportunity.

10 Asean Countries Will Benefit From China's Strategy Of Expanding Domestic Demand

By: wuwu

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