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Asia
 

China says tense ties with Asean hasn't hurt investment flows

Published on Jun 18, 2014 5:04 PM
 

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) - Stressed ties between China and some South-east Asian countries hasn't affected investment flows, even though foreign direct investment in the world's second-largest economy significantly eased in May, a senior Chinese commerce ministry official said.

"Fluctuations of investment between China and the Association of South-east Asian Nations (Asean) this year were mainly caused by last year's base figures. Some big projects last year, which were not repeated this year, accounted for the changes," Mr Shen Danyang, spokesman for the Ministry of Commerce, said on Tuesday.

"But the drop of Asean's direct investment in China so far this year isn't a trend. On the whole, China's economic cooperation with Asean was not affected by the factor of relations with neighbouring countries," Mr Shen said.

He added that China-Asean economic cooperation, bilateral trade and two-way investment will "maintain fast growth momentum".

 
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