China says seeking win-win cooperation in Asia

China's economic growth provides business opportunities for other countries in Asia because it seeks win-win cooperation with them, a senior Chinese official said Friday in Davos, Switzerland.

"China always relates its own interests closely to those of other Asian countries, and is trying its best to work with others to achieve win-win results for all through cooperation," Chinese Assistant Foreign Minister Shen Guofang said at the 2005 annual meeting of the World Economic Forum held in the Swiss ski resort of Davos.

When China joined the World Trade Organization in 2001, some people were worried about its implications for economies of the Association of Southeast Asian Nations (ASEAN), he said.

Yet it turns out that China's rapid economic growth has presented enormous business opportunities to other countries in the region, and the market-driven reallocation of resources has optimized the regional economic environment to the benefits of all countries, he added.

The trade between China and ASEAN countries exceeded 100 billion US dollars in 2004, the Chinese official said while addressing a forum dinner titled "Asia's New Balancing Act."

During the recent tsunami disaster, Shen said, China launched a massive relief campaign to help disaster-affected countries, the largest ever in China.

Shen expressed the belief that a dynamic China committed to peaceful development will make even greater contribution to Asia's stability and rejuvenation.