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China to Set up US$10 Bln Fund to Boost Investment Cooperation with ASEAN

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Chinese Premier Wen Jiabao gives a keynote speech at the opening plenary of Boao Forum for Asia (BFA) Annual Conference 2009 in Boao, a scenic town in south China's Hainan Province, on April 18, 2009. The BFA Annual Conference 2009 opened here on Saturday with the theme of 'Asia: Managing Beyond Crisis'.

Chinese Premier Wen Jiabao gives a keynote speech at the opening plenary of Boao Forum for Asia (BFA) Annual Conference 2009 in Boao, a scenic town in south China's Hainan Province, on April 18, 2009. The BFA Annual Conference 2009 opened here on Saturday with the theme of "Asia: Managing Beyond Crisis". [Xinhua]

 

China has decided to set up a US$10 billion "China-ASEAN Fund on Investment Cooperation" to support infrastructural development in the region, Premier Wen Jiabao said on Saturday.

All countries should follow an open approach when expanding investment and allow equal participation of enterprises from other countries, Wen said at the opening ceremony of the Boao Forum for Asia annual conference 2009.

(Xinhua News Agency April 18, 2009)

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