Research On The Issue Of Bilateral Economic And Trade Relations Between Laos And China

The economic and commercial relationship between ASEAN and China enjoys thousands of years of history.China borders with ASEAN and has similar culture with ASEAN.Laos is a friendly neighbouring country with China since ancient time.Influenced by China,Laos chose a gradual economic transformation model so that her economy growth is faster than that before reform and opening up.However,the achievement of Laos economic transformation is less obvious than that of China.Therefore,Laos has to raise the achievement of economic transformation and expands the multilateral regional economic cooperation with bordering countries,especially China,which is the only outlet for Laos to reform and open up.Strengthening the economic and commercial relationship between China and Laos and cross-country regional economic cooperation not only is the benefit for economic transformation and development for Laos but also beneficial for promoting the construction of free trade zone between China and ASEAN and regional integration process.By comparing the economic developing status and features between China and Laos,complimenting the advantages of both countries is beneficial for the bilateral economic development of China and Laos.The construction between China and ASEAN gives an opportunity for China and Laos to develop the bilateral economy.