China-A senior business official has expressed the hope that stronger economic ties between China and the Association of Southeast Asian Nations will not be affected by territorial rows in the South China Sea.
"China is not willing to see an impact on economic and trade cooperation between China and ASEAN by the South China Sea dispute, which would be harmful to both sides," said Xu Ningning, executive deputy secretary-general of the China-ASEAN Business Council. But he did express concern that rising bilateral investment between China and ASEAN members may suffer if the situation continues to get worse.
Speaking at an awards ceremony for Chinese and ASEAN enterprises, Xu warned that Chinese and Southeast Asian investors may be concerned about their investment return if the tension continues. He said that although governments will try to maintain bilateral investment growth between China and ASEAN, it's up to the enterprises to choose their investment destinations and make specific investment plans, especially under sensitive conditions. "A closer economic relationship and more comprehensive trading cooperation will promote political relations of mutual trust between China and ASF,AN," Xu said.
At the East Asian summit in Phnom Penh, Cambodia, last week, ASEAN members, together with China and five other Asia-Pacific countries, announced the launch of talks on what could be the world's largest Regional Comprehensive Economic Partnership.
Guan Dengming, China's former ambassador to the Philippines, said that bilateral interests in terms of trade cooperation, are much bigger than the effects of territorial disputes and that the cooperative development between China and ASEAN would not be affected by the dispute.
In 2011, China-ASEAN trade reached $362.85 billion, an increase of 23.9 percent, compared with last year. By 2015, bilateral trade is set to reach $500 billion. According to the council, Chinese enterprises had invested $18.5 billion in ASEAN countries by the end of October of this year.
(Adapted from China Daily, November 30, 2012)
64. What is the best title for the passage?
A. Concern about China-ASEAN investment
B. Plan to improve China-ASEAN relationship
C. Hope for better China-ASEAN economic links
D. Effect on territorial dispute in the South China Sea
65. Which of the following statements is TRUE according to the passage?
A. China-ASEAN did nothing at the East Asian summit.
B. Interests of trade cooperation overweigh the dispute.
C. Governments will help the enterprises to decide their investment.
D. There has been a decrease in China-ASEAN trade development.
66. What can we infer from the passage?
A. China-ASEAN trade reached $362.85 billion.
B. Governments try to maintain China's investment growth.
C. The investor$ may be concemed about their investment return.
D. China and ASEAN will benefit politically through better economic ties.
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