's four major economic groups, Hu said trade and economic cooperation is an important element of Sino-South Korean relations, and has played a significant role in developing bilateral ties.The bilateral trade volume reached nearly $160 billion last year longchamp outlet uk, a 32-fold increase compared with early days when the two countries established diplomatic ties, he said.Hu added that so far, the two-way investment has exceeded $41 billion, an almost 90-fold increase.China and South Korea, as neighbors which are similar in culture and mutually complementary in economy mbt shoes clearance, have natural and cultural advantages in in developing trade and economic cooperation, he said.Meanwhile, we should also realize that, amid a complicated, volatile international economic situation, Sino-South Korean trade and economic cooperation is confronted with many challenges, said the Chinese president.Under this situation, China and South Korea should strengthen coordination and cooperation and make full use of this opportunity to properly resolve challenges, Hu said.Hu put forward a three-point proposal on boosting economic cooperation between the two countries longchamp uk.China and South Korea should facilitate their cooperation in some key areas, the Chinese president said.Complementarity is one of the biggest advantages in the two countries' trade and economic cooperation, he said, adding that China has a huge market and rapid growth in its economy, while South Korea has rich experience in technical industrialization and business management.The two countries should further exploit their advantages and enhance exchanges and cooperation in key fields such as telecommunications, finance, energy, logistics and environmental protection, so as to raise the quality and level of bilateral cooperation, Hu said.China and South Korea should also boost mutual investment, he said.Hu urged the two countries to adapt themselves to changes in their investment environments, expand investment areas and improve investment modes.The Chinese government welcomes investment from more Sou Related articles:

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