Sat, April 18, 2009
China > China & World > Boao Forum for Asia 2009

China to set up $10 bln fund to boost investment cooperation with ASEAN

2009-04-18 03:50:29 GMT2009-04-18 11:50:29 (Beijing Time)  Xinhua English

BOAO, Hainan, April 18 (Xinhua) -- China has decided to set up a 10 billion U.S. dollar "China-ASEAN Fund on Investment Cooperation" to support infrastructural development in the region, Premier Wen Jiabao said 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.

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