The Chinese government was facilitating regional economic cooperation, Vice Minister of Commerce Yi Xiaozhun said Thursday at the annual meeting of the 21st Century Forum.
"The world has seen an unprecedented move towards regional economic cooperation over the past 10 years," Yi said, noting the move was driven by economic globalization.
Eighty percent of the existing free trade zones were established in the past 10 years, and trade under regional economic cooperation mechanisms accounted for more than 50 percent of international trade.
"The world will enter a new era of development of free trade zones in 10 years, and the major economic powers, including
"The government has taken concrete measures to boost regional economic cooperation, and the effort has paid off," he said.
The construction of the China-ASEAN free trade zone was proceeding smoothly with trade predicted to reach US$200 billion by 2010.
"We should take this great opportunity to enter the global market," said Chen Jingwei, president of China Jingwei Group, a leading Chinese weaving manufacturer.
"Cooperation at higher level and in a wider range is now on schedule," Yi said, adding
Yu stressed