Off the wire
• U.S. stocks open slightly lower despite upbeat payrolls report  • 2nd Ld-Writethru: China Focus: China, CELAC deepen cooperation with major documents  • CBA Roundup: Guangdong wins 19th straight, Liaoning still on top  • Backgrounder: Xi Jinping's instructions on protecting historic relics  • China's railway construction drive continues  • News Analysis: Policy design to propel China's SOE reforms  • RPT: China welcomes foreign scientists  • German exports, factory production fall in November  • At least six killed, 15 wounded in eastern Ukraine fighting  • British trade deficit narrows in November 2014  
You are here: 　 Home

China, ROK to boost mutual investment in more fields

Xinhua, January 9, 2015 Adjust font size:

China and the Republic of Korea (ROK) will encourage mutual investment in more sectors as new opportunities are brought by the expected free trade agreement (FTA).

The two countries will boost investment in automobiles, culture, elder care, film and television production, manufacturing and medicine,Yang Yihang, an official of the Ministry of Commerce, said on Friday.

The ministry will cooperate with agencies of the ROK to support the building of industrial parks in China for enterprises of both sides.

The governments of Changzhou, Weifang, Weihai, Wenzhou and Yantai intend to set up China-ROK industrial parks.

The two sides concluded FTA negotiations in 2014. The MOC said in November that the agreement will be signed in this year and take effect in the second half.

China is the third largest investor in the ROK, which in return is the fifth largest investor of the former. The investment from the ROK increased 26.5 percent year on year to 3.28 billion U.S. dollars in the first ten months of 2014. Endi