South China int'l business district to host ASEAN country offices
An international business district in south China earmarked for offices of countries belonging to the Association of Southeast Asian Nations (ASEAN) will be in operation before the Fourth China-ASEAN Expo kicks off here in October.
The business district covers an area of three square kilometers in Nanning, capital of Guangxi Zhuang Autonomous Region. Apart from the ASEAN liaison offices, the business park will also boast a recreational park and a consulate area.
The liaison offices for Malaysia, Vietnam and Laos were completed last October, and offices for other ASEAN countries will be in use by October, said Zhu Mo, director of the business district management committee.
The committee plans to allot 40,000 square meters for each ASEAN country, said Zhu, adding that non-ASEAN Japan and the Republic of Korea will also have business parks of the same size.
The project was initiated by heads of the Guangxi Zhuang Autonomous Region and ASEAN consulates in 2005 as a multifunctional center for trade, business and entertainment.
At present, ASEAN is China's fifth major trade partner. In 2006,trade between China and ASEAN members amounted to 161 billion U.S. dollars, up 23.4 percent year on year. It is expected to reach 180to 190 billion U.S. dollars this year.