Happy life in Xinjiang
2014 China Hainan Int'l Automotive Exhibition kicks off
Collection of 'China Dream' public-spirited ads
The silent holy stones
University students take care of giant pandas
Leading lady a true legend
China Pan-Asia Stone Expo held in Kunming
Taiwan woman marries into Kazak family, 100 sheep plus a flat as dowry
College girls take graduation photos under water in Chongqing
Cartoon: Xi and football
LONG-TERM PAINS
Trade between China and Vietnam has grown rapidly. By 2013, China had been Vietnam's largest trade partner for nine years in a row. Last year, bilateral trade between the two countries totaled 65.48 billion U.S. dollars, up 30 percent year on year, Chinese customs data showed.
"It is fair to say that the two countries have close trade and investment ties and China is a major market for Vietnam," said Wang Xiaopeng, a researcher with the Chinese Academy of Social Sciences.
"It's impossible for Vietnam to maintain normal trade with China if Vietnam continues its provocative activities toward China," Wang said.
Wang warned that provocations might eat into Vietnam's hard-won success from 28 years of reform and opening up, as the current tensions over the South China Sea have already damaged Vietnam's image as a friendly investment destination.
Nguyen Duc Thanh, director of Vietnam Center for Economic and Policy Research under Vietnam National University, forecast that Vietnam's economic growth in 2014 is expected to range from 4.15 to 4.88 percent, lower than the 5.42-percent rate in 2013 and the 5.8-percent growth target for 2014.
Meanwhile, regional partnership may also be impacted, said Wu Shicun, head of the National Institute for South China Sea Studies.
As China strives to boost regional cooperation with the ASEAN through proposals such as the Maritime Silk Road, Pan-Beibu Gulf economic cooperation and the Asian Infrastructure Investment Bank, Vietnam's move to stir disputes may push China to review its strategies in Southeast Asia and drag out the progress of the Regional Comprehensive Economic Partnership (RCEP) talks due to reach an agreement in 2015 as well as the establishment of a Free Trade Agreement of the Asia Pacific, Wu said.
Mutual respect and win-win cooperation are not only beneficial for the two countries but also for the whole Asian region, Wu added.
![]() |
How Chinese men kill the time when their wives practice square dancing?
Chinese Navy frogmen in training: photos
Lishui, city of longevity with 186 healthy men above 100 years old
Hong Kong Fashion Festival kicks off
Germany crush Brazil to advance to World Cup final
Danish badminton team plays Chinese social media users on Asia tour
Art on eggshells
Test flight of Russian amphibian BE-103 in Shenyang, NE China
Stewardesses of CHR trains experience walk with white cane
Picturesque Bashang Prairie through lens
'Finding Nemo' in Seattle Aquarium
28 old villages in Hunan under preservation
Anti-terrorism drills held in Luliang, Shanxi province
Hot weather drives citizens to play mahjong in water
Largest domestic UAV exhibition held in BeijingDay|Week|Month