More Chinese firms to set foot in Brunei

More Chinese firms to set foot in Brunei

MORE Chinese companies are keen to survey business opportunities in Brunei as Beijing pledges its commitment to deepen cooperation with its Asian neighbours, said the Chinese ambassador yesterday.

Speaking at a reception to celebrate the founding of the People's Republic of China, Ambassador Zheng Xianglin said several Chinese companies will put down roots in the sultanate in the coming months.

"China will open up more actively to the outside world and intensify our connections and interactions with all countries, especially our neighbours, to link the Chinese Dream with dreams of other nations," he said during an event held at The Rizqun International Hotel.

Two weeks ago, Brunei and China signed an agreement to establish an economic corridor that aims to create more than $500 million of trade and investment in agriculture and food production.

"We now live in an era featured by deepened economic globalisation, with each other's interests more interdependent and destinies bond so tightly together. The world needs China, and China needs the world as well," Zheng said.

The envoy added that China is determined to follow "the path of peaceful development", handling political differences "properly" to maintain peace and stability.

"China will always be a major power who is keen on learning from others and always keeps open and inclusive to others," he said.

Zheng said despite its great advances, China still faces many challenges including unsustainable development and overconsumption of energy and resources.

"We will level the development gaps between our urban and rural areas… We will make our development in the coming years more sustainable, driven by new industrialisation, urbanisation, agricultural modernisation and a new domestically-propelled service industry."

Minister of Education Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Hj Awg Abu Bakar Hj Apong attended the reception last night as guest of honour, along with members of the diplomatic corps and other invited guests.

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