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Trade between China and South Korea may exceed US$100 billion in five years. Both sides are upbeat about the expectation after a recent ministerial meeting in Beijing.
Bilateral trade surpassed US$63 billion last year, and South Korean investment in China also neared US$20 billion.
China hopes Korean businesses will invest in its vast, less-developed western hinterland and the old industrial bases in the northeast.
(CRI April 1, 2004)
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