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China's trade with Silk Road states accounts for 20pc of total volume
OVER the past decade China's trade with countries along the Maritime Silk Road rose by an average of 18.2 per cent annually, accounting for one fifth of the nation's total foreign trade volume, compared with 14.6 per cent 10 years ago.
During this period direct investment in these countries by Chinese companies increased from US$240 million to $9.27 billion, representing annual growth of 44 per cent, according to figures from the State Oceanic Administration (SOA), reported Xinhua news agency.
SOA director Wang Hong said an action plan will advance the 21st Century Maritime Silk Road initiative this year, and establish a China-ASEAN maritime cooperation centre, as well as a platform to boost maritime cooperation in East Asia.
During this period direct investment in these countries by Chinese companies increased from US$240 million to $9.27 billion, representing annual growth of 44 per cent, according to figures from the State Oceanic Administration (SOA), reported Xinhua news agency.
SOA director Wang Hong said an action plan will advance the 21st Century Maritime Silk Road initiative this year, and establish a China-ASEAN maritime cooperation centre, as well as a platform to boost maritime cooperation in East Asia.
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