Bing: China ready to support PNG in trade, development

Posted on The National

CHINA stands ready to continue to support Papua New Guinea in trade and many development areas, Chinese ambassador Xue Bing says.
He was speaking during the 70th anniversary celebrations of the founding of the People’s Republic of China celebrated in Port Moresby.
“China is ready to continue to work together with PNG to strengthen dialogue, communication and cooperation in various areas,” he said.
“We welcome the export of PNG coffee, coconut, tropical fruits, tuna, lobster and other products to China and we want to put them on the dining tables of the Chinese people at an early date.
“We welcome more PNG students to study in China, learning and speaking Chinese language so as to become friendship ambassadors between our two countries.
“We welcome more Papua New Guineans to come to visit and enjoy the charm and wonders of modern China.
“We are ready to work together with the new government of PNG under the leadership of Prime Minister James Marape to actively implement and strengthen practical cooperation.
“We look to further promote the development of the comprehensive strategic partnership between our two countries and bring more tangible benefits to our two peoples.”
Bing said China was PNG’s second largest trading partner and an investment destination with more than 40 Chinese companies now operating in the country creating over 6,000 jobs.
“In 2018, the bilateral trade volume reached US$3.62 billion (K12.2bil), with the PNG side enjoying a surplus.”
Prime Minister James Marape affirmed the relationship between the two countries.
“There is a huge trade imbalance more to the favour of PNG and less to China,” he said.
“More of our exports find their destinations on the ports of China and we get less from them.”
Ambassador Bing said the two economies were highly complementary and there were huge potentials to be tapped.
“The public is the biggest beneficiaries from the ever deepening of practical cooperation between China and PNG.”
He said China’s development over the last 70 years in technology and other areas was a good opportunity for the world.

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