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Date of issue:2021-03-17 Author: Click:

Original Title: China-Brunei "Double 30 Years" Usher in Broad Development Prospects


Boats go by on the busy Brunei Bay. About 5 kilometers from the land, there is a thriving and enthusiastic scene on the Big Moura Island: tall and tall refining plants are thrust into the sky, and the large silver-white oil pipelines are shining brightly in the sun. This is one of the flagship cooperation projects between China and China, China's major investment project in Brunei-Hengyi Petrochemical Damorra Island Comprehensive Refining and Chemical Project. In the first three quarters of 2020, Hengyi’s output value accounted for 4.48% of Brunei’s GDP, and its import and export value accounted for 50.57% of Brunei’s total trade. It has made important contributions to Brunei’s foreign trade and economic growth, as well as the development of downstream oil and gas industries. Make an important contribution.

"I am very pleased to see that the first phase of the Hengyi Petrochemical Damorra Island comprehensive refining and chemical project has been successfully put into production and operated safely and stably. Chinese-funded enterprises in Brunei have contributed to the local prevention and control of the new crown epidemic. I hope that the enterprises will continue to do a good job in safe production and Localized development actively promotes Brunei’s economic diversification and economic and trade development between Brunei and China.” On December 14, 2020, Brunei Sultan Hassanal said when meeting with Hengyi Group Chairman Qiu Jianlin.


Hengyi Brunei Petrochemical is just a microcosm of Chinese economic and trade cooperation. In recent years, Chinese has steadily promoted cooperation in major projects such as Hengyi Petrochemical and the "Guangxi-Brunei Economic Corridor" based on the joint construction of the "Belt and Road" initiative, which has expanded mutual benefit and win-win results and the integration of interests, and brought tangible benefits to the two peoples In interest. In the face of the epidemic, the two countries worked hand in hand to deal with the epidemic, and both achieved significant results in the fight against the epidemic. In 2020, bilateral trade volume was US$1.91 billion, an increase of 72.5% year-on-year, and China's imports from Brunei increased by 217.1% year-on-year, ranking first among ASEAN countries. In terms of two-way investment, China's investment in Brunei increased by 182.8% year-on-year, ranking first among ASEAN countries; the absorption of Brunei investment increased by 37.8% year-on-year, ranking second among ASEAN countries.


Not far from the Big Moura Island, the Pilong Reef, which is as long as a chopstick, sits on Brunei Bay. On the sea, huge fish farming cages are lined up neatly, yellow railings are out of the water, blue fishing nets go deep into the bottom of the sea, and dense schools of fish in the cages swim happily. This is the deep-sea cage culture base of Haishitong Fisheries (Brunei) Co., Ltd., as the first landing project of the "Guangxi-Brunei Economic Corridor". This project enables Brunei's first c to realize the localization of fish fry supply and realize The export of cultured marine fish has changed Brunei's history of relying on imports for marine fish breeding.


In the "2035 Vision" launched by the Brunei government to promote economic diversification, fishery is one of the key development industries and is known as Brunei's "vegetable basket" project. Haji Ali, Minister of the Ministry of Primary Resources and Tourism of Brunei, said that Chinese companies and Brunei have carried out pragmatic cooperation in such fields as aquaculture, which has provided strong support for Brunei to ensure food security and promote economic diversification.

At Mora Port, 29 kilometers away from Brunei’s capital Bandar Seri Begawan, a large container ship slowly entered the port. After the ship stopped, the huge quay bridge on the wharf began to work and the containers were hoisted to the wharf. Then the stackers are stacked in different areas of the yard by the reach stacker and stacker. Mora Port is a Brunei-scale container terminal operated by a Chinese joint venture, which promotes routes from Brunei to neighboring countries and continues to improve the port's cargo handling capacity. Port Mora not only enhances the maritime connectivity between China and Brunei, it further promotes the construction of the "Guangxi-Brunei Economic Corridor" project, and promotes the cooperation between the corridor and the China-East Zone and the "New Land-Sea Corridor" docking, which strengthens Brunei’s presence in the country. Hub position in regional cooperation.

Brunei has a small land area, but rich in oil and gas resources. For a long time, Brunei’s economic development has been highly dependent on crude oil and natural gas exports. 56% of its GDP, 85% of export trade and 81% of fiscal revenue come from the oil and gas industry. The problem of a single economic structure plagues Brunei. In 2008, in order to better achieve economic diversification, the Brunei government proposed the Brunei mid- and long-term development plan, Brunei’s “2035 Vision”.

2021 marks the 30th anniversary of the establishment of diplomatic relations between China and the 30th anniversary of the establishment of dialogue relations between China and ASEAN. Brunei is also the rotating ASEAN chairmanship this year. Standing at the important node of the "Double 30" anniversary, the two countries agreed to raise the level of mutually beneficial cooperation in the Chinese language, implement the strategic alignment between China's "2035 Vision" and the Brunei "2035 Vision", and deepen the high-quality joint construction of the "Belt and Road". Cooperation. The two countries will actively focus on the two major themes of anti-epidemic and development, plan cooperation from both bilateral and multilateral levels, and take the joint construction of the "Belt and Road" as the lead, promote the quality and upgrade of cooperation in various fields, and push the Chinese and China-ASEAN relations A higher level will bring greater well-being to the people of the two countries and regions.

"The Chinese side is willing to continue to carry out anti-epidemic cooperation including vaccines with the Brunei side, agree to establish a'fast channel' to facilitate the exchange of people, and discuss the establishment of a'green channel' for the exchange of goods to help each other's economic and social development. Both sides should accelerate the promotion of Hengyi Petrochemical ,'Guangxi-Brunei Economic Corridor' and agriculture and fisheries cooperation, explore new growth points such as 5G, big data, cloud computing, etc., and make new contributions to the economic diversification of Brunei." State Councilor and Minister of Foreign Affairs Wang Yi, January this year Said during the visit to Brunei. Brunei Sultan Hassanal stated that China is Brunei's traditional friendly neighbor and important cooperative partner. The relationship between the two countries is based on mutual trust, mutual respect, mutual benefit and win-win results. We are willing to take the opportunity of celebrating the 30th anniversary of the establishment of diplomatic relations between the two countries to connect Brunei’s "2035 Vision" and China’s "2035 Vision", strengthen cooperation in the fields of agriculture and fisheries, and promote Hengyi Petrochemical and the "Guangxi-Brunei Economic Corridor" ”And other major projects to deepen the strategic partnership of cooperation between the two countries.


"Established at 30, Chinese-Chinese relations have a broader prospect for development. The'Double 30' anniversary and Brunei's role as ASEAN chairmanship provide an important opportunity for the two countries to comprehensively deepen cooperation. The two sides issued the 30th anniversary logo of the establishment of diplomatic relations. Taking the shape of a sailboat indicates that the relationship between the two countries will pass through the haze of the new crown epidemic and sail for a better tomorrow." said Yu Hong, Chinese Ambassador to Brunei.

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