China has decided to set up a 10 billion USD "China - ASEAN Fund on Investment Cooperation" to support infrastructural development in the region, Chinese Premier Wen Jiabao said on Apr. 18.
Speaking at the opening of the Boao Forum for Asia annual conference 2009 on Hainan island in southern China, Wen stressed the importance of developing infrastructure in the region in the face of the global financial crisis.
All countries should follow an open approach when expanding investment and allow equal participation of enterprises from other countries, the premier said.
The annual Boao Forum aims to promote regional economic integration./.