Sri Lanka Brodcasting Corporation

Tue11202018

Last updateMon, 19 Nov 2018 9pm

World News

China, Laos agree on cooperation

China and Laos have agreed on a plethora of cooperative projects after meetings between Chinese leaders and visiting Laotian President Bounnhang Vorachit.

From Tuesday to Thursday, Bounnhang is on his first China visit since being elected president in April. He has held talks with Chinese President Xi Jinping, Premier Li Keqiang, senior Communist Party of China official Liu Yunshan.

Both sides agreed to enhance integration of development strategies, coordinate their construction of regional trade infrastructure, and cooperate more in production capacity and investment.

They will push forward construction of the China-Laos railway and work together more closely on economic and technological development districts. China backs capable and credible enterprises to set up economic and trade cooperation zones in Laos.

In energy cooperation, China encourages Chinese companies and financial institutions to participate in energy development strategy in Laos, the joint statement said.

Bounnhang and the Chinese leaders also agreed to strengthen cooperation in agriculture, defense, law enforcement in border areas, people-to-people contact and cooperation at a local level.

Local News