China, Singapore reach consensus on upgrading bilateral ties
  • Date:10 23,2013 13:37

  China and Singapore on Tuesday reached extensive consensus on upgrading bilateral ties and deepening their cooperation on two flagship projects.

 

  At the 10th China-Singapore Joint Council for Bilateral Cooperation (JCBC) meeting, co-chaired by visiting Chinese Vice Premier Zhang Gaoli and Singapore's Deputy Prime Minister Teo Chee Hean, the two countries highlighted four areas for future cooperation, namely economic transformation, financial services, cultural and people-to-people exchanges and inclusive and sustainable growth.

  "The participants in the meeting highlighted these areas for our cooperation to stay visionary and exemplary,"a representative from the Chinese delegation told reporters.

  The Chinese vice premier said that the frequent meetings between Chinese and Singaporean leaders over the past year set out the directions for efforts to be made.

  He urged the officials to discuss in detail how the two countries can achieve "an upgraded version" of the bilateral cooperation.

  In economic transformation, the Chinese side said at the meeting that they are keen to work with the Singapore side on the liberalization and facilitation of trade, investment and services.

  The Chinese delegation also said that they encourage efforts to facilitate Singapore's participation in its regional development. The two sides will also offer support for the Suzhou Industrial Park to export its development experience or invest in other provinces or even third countries within the Association of Southeast Asian Nations(ASEAN).

  The Suzhou Industrial Park is a successful flagship bilateral cooperation project launched in the 1990s to spur China's industrialization.

  The two sides agreed to boost their cooperation in the financial sector, too, with measures to expand the channel for the flow of Renminbi capital between China and Singapore. They also agreed to launch direct foreign exchange trade between the yuan and the Singapore dollar in the interbank market.

Tianjin FDI
美洲部
  • Americas@zhaoshang.net
  • +86-21-68911976
  • tjfdiAmericas
欧洲部
  • European@zhaoshang.net
  • +86-21-68911976
  • tjfdiEuropean
亚洲部
  • Asian@zhaoshang.net
  • +86-21-68911976
  • tjAsian
Featured Posts