China, Laos to strengthen ties

China, Laos to strengthen ties
Published: 26 November 2004

China and Laos will further strengthen cooperation in various fields through the upcoming official visit of Chinese premier Wen Jiabao to Laos, said Chinese ambassador to Laos Liu Yongxing here Friday. Liu said after former Chinese President Jiang Zemin visited Laos in 2000, the two countries signed a joint declaration on cooperation, which focuses on advancing economic and trade relations. The two countries have listed agriculture, forestry, resources development and infrastructure construction as priority sectors for expanding cooperation.

The ambassador said the Chinese-funded companies have taken about one third of the Lao market of construction projects and China has become the 7th largest investors in Laos.  A Sino-Lao joint-venture of cement has already taken one fourth of Lao’s market share.