Mercury with an Asian face

By the way, not waiting for achieving formal arrangements and seeking to strengthen economic cooperation with the countries of the region, China is increasing its investment in ASEAN countries. In 1999, China has invested $ 72 million here, in 2000, this volume is more than $ 108 million, an increase, so 50%.

To combat the global instability

Change in position relative to the ASEAN Free Trade Area was undoubtedly due to the unstable economic situation in the world and the region. Developed in the years before the crisis commodity structure has led to the fact that the economies were dependent on exports to developed countries, which is reduced due to the downturn in the global economy. As you know, in the last four years, the country has ACEAN experiencing a second wave of recession. For the resumption of growth they need a growing demand for the products, and to find it in the West and in Japan is difficult. Need for new growth markets. Here, all the parameters fit China, which not only begins to constitute itself as a seller or a buyer, but also as an investor. At the same time, the fact of the formation of giant shopping regional bloc may attract the attention of new investors from third countries to the region ohladevshih to crises. Moreover, it is the most powerful economic union can be extended an additional attraction of economic development if the ASEAN countries agree with the connection to the project of Japan and South Korea.

This issue will be discussed at this year's meeting of the ASEAN countries with the three East Asian powers - China, Japan and South Korea. By the way, the last two heads of state also attended the meeting of ASEAN in 2001. During a meeting in Bandar Seri Begevan leaders of China, Japan and South Korea have agreed to further deepen economic and trade cooperation. They also discussed the development of information and technological cooperation and exchange of experts.

Proposals were supported by Zhu Rongji, Prime Minister of Japan Dzyunichiro Koitszumi and South Korean President Kim Dae-jung. The three leaders agreed that the development of trilateral cooperation in the formula of "10 +3", ie ASEAN plus China, Japan and South Korea, is essential for peace and stability in Northeast Asia and the Asia-Pacific region. Was found understanding on the mechanism of the meetings of the Ministers of Finance, Economy and Trade, as well as creating a business forum for entrepreneurs from the three countries. China is a growing interest as a party to the interaction of the ASEAN countries. This interest is contrary to expectations of many foreign experts on Asia, which, based on a competitive Asian exporters to the U.S. and European markets, denying the possibility of a more or less wide Asian cooperation.

However, reality suggests otherwise. For example, according to statistics, the Asian Development Bank, 57.7% of China's trade falls on Asian economies. China's entry into the WTO will lead to further integration of this huge market, not only the economies of Asia, but also in the global economy. Interest in China confirmed the unanimous support of the participation of China in the free zone of the Association, which is constantly being criticized for failing to take decisive action, because its members are rarely able to reach consensus. And this support shows that ASEAN countries understand the need for special measures to deal with global instability, caused by the economic downturn and the fight against terrorism. Of course, the success of China - is a direct invasion of the zone of interests of Japan, accustomed to dominate the market for ASEAN.