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
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
If you’re looking for a little bit of that “ Top Gun: Maverick ” spectacle and thrill at the movie t2024-05-21Türkiye ready to act as guarantor in resolving Gaza conflict: Erdogan
ANKARA, March 5 (Xinhua) -- Türkiye is ready to assume its responsibilities within the framework of2024-05-21Taylor Swift's ex Joe Alwyn wanted to keep their six year relationship 'personal'
Hours after Taylor Swift's latest album dropped, all eyes are on her ex Joe Alwyn.With apparent refe2024-05-21- CINCINNATI (AP) — Elly De La Cruz hit a three-run homer, Nick Lodolo pitched 6 1/3 innings of one-ru2024-05-21
Jon Wysocki dead at 53: Staind drummer passes away
The music world is in mourning this Sunday, with word that original Staind drummer Jon Wysocki passi2024-05-21Letter from China: Exploring the hustle and bustle of south China's border ports
by Xinhua writer Huang YaotengNANNING, Feb. 27 (Xinhua) -- As I arrived in Pingxiang, a small city b2024-05-21
atest comment