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5th China-ASEAN Expo Opens amid World Financial Crisis

The 5th China-ASEAN (Association of Southeast Asian Nations) Expo opened on Wednesday to further cooperation in this region and will propose measures to deal with the financial crisis in the Western world.

Chinese Vice Premier Wang Qishan attended the opening ceremony of the Expo in Nanning, capital city of the Guangxi Zhuang Autonomous Region in south China, together with leaders and high-ranking officials and businessmen from the 10 ASEAN countries.

Surin Pitsuwan, secretary-general of the ASEAN, said that China and these countries are building the biggest free trade zone in the world that comprises nearly 1.9 billion people.

The Expo was proposed by Chinese Premier Wen Jiabao five years ago. The 10 ASEAN countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam with a total area of 4.5 million square kilometers, whose economies were seriously hurt by the financial crisis in 1997.

As the largest developing country in the world, China should step up cooperation with the ASEAN countries in light of the uncertainty of the world economy, said Chinese Commerce Minister Chen Deming.

(Xinhua News Agency October 22, 2008)

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