1. Text: | Print|

      ROK business communities see bright future

      2014-07-04 07:58 Xinhua Web Editor: Qin Dexing
      1

      President Xi Jinping's two-day state visit to the Republic of Korea (ROK) which began on Thursday, has brought the feel good factor to China's Korean business community.[Special coverage]

      "I am looking forward to breakthroughs in the China-ROK Free Trade Area (FTA) negotiations, tariff reductions and RMB-Korean won direct settlement," said Youngchul Lim, 51, a Korean who runs an electronics company in east China's Qingdao City.

      Qingdao Toptone Electronics was the first business wholly funded by ROK capital in China, 25 years ago. Qingdao Toptone designs and develops computer speakers for big Korean firms like Samsung and LG. Lim is transferring his assembly line to Vietnam and transforming the Qingdao plant into a research center.

      "Rising labor costs have hit labor relations hard in coastal regions, forcing labor-intensive firms out," said Lim in fluent Chinese.

      With its easy cargo access to the ROK across the Yellow Sea, it was cheap labor that first attracted him to Qingdao. Skilled workers, research talent and stable business ties with Chinese firms have made him keep R&D there while everything else goes south. Lim relocated his Guangzhou factory to Vietnam two years ago, but he believes that a China-ROK FTA will give firms based in China the edge.

      Yong Ok Park is deputy manager of Qingdao Farest Gem & Jewelry Co. Ltd.,set up in 1993, one year after China and the ROK established diplomatic ties.

      "The work force has shrunk from 1,500 to 800, but our main business will not leave China. There is nowhere in the world we could find so many skilled jewelers," said Park.

      Korean business people are hoping for early implementation of a primary stage of the FTA. ROK investors had put 57.7 billion U.S. dollars into China by April, and Chinese investment in the ROK increased to 1.2 billion U.S. dollars.

      Niu Linjie, head of the Korean College at Shandong University, observed how ROK investment -- once concentrated in northeast China and along the coast -- has been expanding inland. Investment in central and western regions is mostly high-tech. Samsung invested 167 million U.S. dollars in plant producing NAND flash memory chips in Xi'an in the first half of this year.

      POSCO-CJPC Co. Ltd. in Jilin Province, close to the Korean border, is a joint venture between a local steel firm and Pohang Iron and Steel of the ROK, one of the world's biggest steelmakers. Production began in Oct. 2012 and the business was in profit within ten months.

      "That is almost unheard of. The parent companies are fully confident in the prospects of cooperation," said Lee Pae-ho, general manager.

      Niu believes both China and ROK are facing economic slow-downs. In such circumstances, Xi's visit is expected by both business communities to bring new opportunities.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产精品九九久久免费视频 | j8又粗又长又硬又爽免费视频 | 久久久久国产精品免费看| 久久精品亚洲男人的天堂| 欧亚一级毛片免费看| 国产又粗又猛又爽又黄的免费视频| 亚洲欧美日韩综合久久久久 | 免费看韩国黄a片在线观看| 亚洲国产激情在线一区| 国产精品成人免费视频网站京东| 亚洲国产精品线观看不卡| 九九精品免费视频| 亚洲s码欧洲m码吹潮| 日韩精品电影一区亚洲| 9i9精品国产免费久久| 亚洲日本精品一区二区| 国产精品色拉拉免费看| 亚洲国产精品ⅴa在线观看| 又大又硬又爽免费视频| 国产一级在线免费观看| 91亚洲国产在人线播放午夜| 毛片视频免费观看| 免费一区二区三区在线视频| 亚洲人成人网站色www| 69堂人成无码免费视频果冻传媒| 亚洲人成网站免费播放| 亚洲一级特黄无码片| 免费视频成人片在线观看| 亚洲人成网站在线在线观看| 77777亚洲午夜久久多人| 亚洲美女免费视频| 免费亚洲视频在线观看| 亚洲国产a∨无码中文777| 91视频免费网址| 狠狠综合亚洲综合亚洲色| 亚洲精品国产精品乱码在线观看| 免费视频专区一国产盗摄| 污网站免费在线观看| 亚洲高清资源在线观看| 日韩亚洲国产二区| 国产成人精品久久免费动漫|