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Laos-China relation gains momentum

Updated:2017-12-18 09:36:44   China · Yunnan

“Laos will play a key role in the Lancang-Mekong Cooperation, and this is an important reason why we decided to build the China-Laos Railway,” said Khkenthong Sisouvong, vice president of the Laos-China Cooperation Committee.

He was speaking at the China-Laos Trade and Investment Conference held in Kunming on November 24. He told reporters that the railway is the largest investment project in Laos’ history and will provide favorable conditions for business, investment and tourism within the Lancang-Mekong countries. It will also intensify cooperation endeavors between Yunnan and Laos.

During the fair, 12 companies and organizations from both China and Laos signed memoranda of understanding involving planning, energy, electric power, roads and more. A representative of Laos attending the conference said, “The Laos-China cooperation has entered an unprecedentedly promising period and has an unlimited future.”

“China is the largest investment partner and second largest trading partner for Laos,” said Sengdeune Sayasone, head of the Investment Promotion Division of the Lao Ministry of Planning and Investment. With the help of China, many projects have landed in Laos. Smooth development at the Mohan-Boten Economic Cooperation Zone and the Saysettha Development Zone has drawn in many businesses and institutions.

“The China-Laos Economic Corridor will further enhance the scale and level of economic and trade cooperation between the two countries. It will promote their respective economic advantages and deepen relations in terms of production capacity, finance, agriculture, energy, resource management, water conservation, communications, infrastructure, medicine and health. The corridor is also conducive to building a community of shared future for the two countries, while driving the development of the China-Indochina Peninsula Economic Corridor.”

Through the creation of China-Laos community of shared future, the two countries are expected to set an example for the Lancang-Mekong region and beyond. (Liu Jianglin)


Editor: Eric Wang