The opening ceremony of the China-ASEAN Business Center. [Photo provided to chinadaily.com.cn]

The China-ASEAN Business Center in the Nanning Area of the China (Guangxi) Pilot Free Trade Zone unveiled its plaque on April 24, and confirmed its intention to become a one-stop service platform for expanding China-ASEAN cooperation in economy and trade.

Covering a total floorage area of around 22,000 square meters, the center delivers 10 functions such as finance, logistics, digital information and talent services. To date, it has pulled together nearly 30 business associations from China and ASEAN, plus outstanding companies and international organizations.

The establishment of the center marks an important step in deepening communication and cooperation between Guangxi and ASEAN in areas spanning investment, commerce, business, tourism and culture, as well as promoting the improvement of China-ASEAN cooperative mechanisms.

The exterior view of the China-ASEAN Business Center. [Photo provided to chinadaily.com.cn]

The center has been striving to build a platform that provides convenient and efficient services for China and ASEAN companies in areas such as economic and trade cooperation, project attraction, market expansion and transnational technology transfer and transformation.

The facilitation of bilateral trade and investment is expected to be further increased and the mutually beneficial cross-border industrial chains, value chains and supply chains will be formed. 

The center is expected to promote the clustering of service types such as trade and investment, scientific innovation incubation, international logistics and cross-border finance, which in turn will attract more cooperative organizations, service institutions and companies from ASEAN to settle down. 

Azlimi Zakaria, consul general of Malaysia in Nanning, visited the center and said that it has offered comprehensive services for ASEAN companies, including those from Malaysia, to seek development in China, and this may significantly stimulate the cooperation potential between Malaysia and China.