China will speed up the defveopment of transport connections with Southeast Asia, building roads, telecommunications and power links as it seeks to boost trade. China will give financial support through credit aid and investment, to provide for better exchange of commodities, capital and people.
“In the next 10 years we will speed up the inaguration of land transport routes between China and Asean,” said Premier Wen Jiabao. He said China will unconditionally help underdeveloped countries in the Association of Southeast Asian Nations, which groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Asean is looking to highlight the potential for greater connections between its frontier markets and Asia’s biggest enomic power. There is huge trade potentials between Asean and China and between links could encourage Japan and South Korea to forge a closer relationship with the group.
China is seeking to double trade with Indonesia and get access to resources from a country that is leading exporter of natural gas, palm oil and coal.