South China’s Guangxi Zhuang autonomous region is aiming high to accelerate the development of the Beibu Gulf Economic Zone and boost its economic and trade ties with ASEAN countries.
Qinzhou is part of the Beibu Gulf Economic Zone, in Guangxi and covers 10,800 square kilometers of land, with a coastline that stretches for 563 kilometers, and a population of 3.88 million.
The Beibu Gulf Economic Zone in south China's Guangxi Zhuang Autonomous Region would receive a total investment of 2.6 trillion yuan (about 393.9 billion U.S. dollars) over the next five years for growth, a senior local official said here Sunday.
The Beibu Gulf Economic Zone in south China's Guangxi Zhuang autonomous region would receive a total investment of 2.6 trillion yuan ($395.4 billion) over the next five years for growth, a senior local official said Sunday.
China and Vietnam conducted joint naval patrols in the Beibu Gulf from June 19 to 20, according to a statement posted on the website of China's Defense Ministry.
China and the ASEAN have both expressed a similar stance Thursday - that protecting common interests should be prioritized through deepened cooperation.
Transportation will be a key factor in further boosting the development of the Pan-Beibu Gulf (PBG) economic zone in South China, officials said during a forum on Thursday.
China on Wednesday said a recent agreement with Vietnam will guide the settlement of maritime issues between the two countries.
China and Vietnam pledge to settle maritime issues through negotiations and fconsultations.