Xi: Settle sovereignty disputes peacefully
Print Edition
President Xi Jinping said yesterday that China and the 10-member Association of Southeast Asian Nations should settle territorial and maritime disputes in the South China Sea in a peaceful manner so as to safeguard regional stability and peace.
“Southeast Asia is one important hub of the maritime Silk Road. China is ready to increase maritime cooperation with ASEAN,” Xi told Indonesian lawmakers.
Xi made history in Indonesia yesterday by becoming the first foreign leader to address the country’s Parliament, using the platform to call for greater cooperation with Southeast Asia’s biggest economy and the region as a whole.
China “is ready to work together with Indonesia and other ASEAN countries to make the two sides share the same prosperity (and) stick together through thick and thin so that we can become good friends and good neighbors,” Xi said.
“We should abandon a Cold War mentality and advocate common security and collaborative security,” he added.
“As for the disagreements and disputes between China and certain Southeast Asian nations on territorial sovereignty and maritime rights, both sides must always uphold the use of peaceful methods ... to maintain the broad picture of bilateral relations and regional stability,” Xi told MPs on the second and last day of his visit to Indonesia.
“China’s development is a force for peace and friendship in the world, bringing development opportunities for Asia and the world and not threats.”
China and Indonesia inked trade and investment deals worth US$28.2 billion yesterday. Representatives from the two countries’ business communities signed deals in the mining, manufacturing, energy and transport sectors.
Among the deals was a US$1.5 billion investment from state-run China Communications Construction Co (CCCC) to build a 30-kilometer monorail network through the capital Jakarta.
CCCC General Manager He Junfeng said that Indonesia was attractive as a large market with strong economic growth, but infrastructure was in need of improvement.
“I think here there are opportunities, so it’s the right time to invest,” he said.
Indonesian officials have said they hoped the cooperation with China would boost their economy, which is experiencing a slowdown after years of steady growth.
The China Development Bank will invest in projects with Indonesia’s OKI Pulp and Paper Mills, while Chinese companies and financial institutions will invest in coal mining, as well as electricity generation and aluminium smelters.
State-owned Industrial and Commercial Bank of China also signed a deal to lease five Boeing 777 and six Airbus 320 planes to Indonesia’s flag carrier Garuda.
Indonesian officials have said they hoped the cooperation with China would boost their economy, which is experiencing a slowdown after years of steady growth.
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