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China now stands as the ROK's largest trading partner and largest source of import while ROK is China's third most important trading partner. Their trade volume is expected to reach 300 billion U.S. dollars this year, a 60-fold increase over the past 20-plus years.
China is willing to work closely with Singapore and seize the momentum to elevate bilateral ties to a new height, Xi said.
"Doosan aims to become one of the world's top three construction machinery makers by 2020. Thanks to the FTA, robust China business will be a major driver," said Park.
The one-day summit, with the theme of "Innovation, Development, Cooperation and Trust", was proposed by Xinhua and jointly organized by Brazil Communication Company, Russia Today International Information Agency, The Hindu Group and South Africa's Independent Media.
As long as at least 10 signatories, and no less than 50 percent of the capital contribution, obtain legislative approval, the agreement will become effective, Finance Minister Lou Jiwei told lawmakers.
来源：资阳报