China becomes 'positive influence' on ASEAN growth
Updated: 2012-11-06 17:59 VIENTIANE -- With its inevitable rise, China has become a "positive influence" on the economic growth and cooperation of its neighbors in Southeast Asia, Malaysian Prime Minister Najib Razak said on Tuesday.
The PM made the remark with a group of foreign correspondents on the sideline of the Ninth Asia-Europe Meeting Summit in the Lao capital Vientiane.
He urged ASEAN countries to actively engage with China. "With its inevitable rise, China can be a positive influence in terms of economic development particularly in this part of world."
As a major global player, China has been providing impetus to the economic development of the Association of Southeast Asian Nations and the bloc's members like Laos is getting a lot of injection of Chinese capital for developing the region's hotspots like the Mekong area, said Najib.
"If you look to this part of the world, they see China as a strong and benign economic force."
As for China's role in facilitating Europe's economic recovery, Najib, who once served as Malaysia's Minister of Finance, said European countries hope that China could rebalance its economy, put less emphasis on export but on boosting domestic demand.
The two-day event, the ASEM Summit, the biggest international conference the country has ever hosted, gathers heads of state, government as well as ministerial officials from its 51 members. Global economy and financial situation top the meeting's agenda.
Within the frameworks of ASEAN, ASEAN+1, ASEAN+3, ASEAN Summit, among others, said Najib, there is enough "collective will" to ensure that ASEAN and China could work in a very cooperative way.
3 comments:
What did the Americans bring with their pivot to Asia? Defence pacts, assertion of power and the threats of war. They are signing military pacts with the Phillippines, the Australian, possibly Vietnam, India, and probably other Asean states if they could do so. South Korea and Japan are already part of gang. And they are moving all their heavy weapons into the region in the name of peace.
What was China doing in the same time, signing trade and economic agreements for more investments.
Who is the hostile one? Najib is the second Malaysian PM after Mahathir to see the treacherous power play of the West to dominate and control the Asean countries.
To the Americans it is always their terms of engagement and who is the boss.
As usual, this UMNO mat has got to talk cock and suck China dick, by stating the OBVIOUS.
China is one of the world's supplier of CAPITAL...i.e. a net exporter. Laos is not the only beneficiary, nor is ASEAN. China lends to many cuntrees.
If not for China money, most of the broke mat salehs would be sucking cock...not only to earn, but to get something to eat :-)
How do you grow economically without using inflation of money supply (i.e. printing)?
By using and properly allocating REAL CAPITAL...hard, no nonsense money -- earned and saved, that's how...consume LESS than you produce, and use the savings WISELY. Just like your grandparents and their ancestors did, unlike to day where almost the ENTIRE WESTERN WORLD is built on DEBT.
Someone slap this mat for me please. And FUCK umono too!
'By using and properly allocating REAL CAPITAL...hard, no nonsense money -- earned and saved, that's how...consume LESS than you produce, and use the savings WISELY. Just like your grandparents and their ancestors did, unlike to day where almost the ENTIRE WESTERN WORLD is built on DEBT.
Read this over and over again. Sin is what it is today because of the old school of saving and spend less. The economy and families were running on very sound footing.
Today we are like the West. Spending and spending and spending on future money and blowing the economic bubble. A lot of wealth are apparent and actually mortgages or on borrowed money. We will burst in no time like the western economies.
Living and spending on future income by borrowing is unsustainable and the bigger the borrowing the faster the bust.
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