The 5th Meeting of China-Singapore Investment Promotion Committee Held in Beijing




On December 5, 2017, the 5th meeting of China-Singapore Investment Promotion Committee was held in Beijing. The joint meeting’s Chinese chairman, Minister of Commerce Zhong Shan and Singaporean chairman, Minister of Trade and Industry Lim Hng Kiang co-chaired the meeting. Vice Minister of Commerce Wang Shouwen attended the meeting. Both sides exchanged views on China-Singapore bilateral investment, intergovernmental cooperation projects and the new investment cooperation opportunities in the new era. Broad consensuses have been reached.


Zhong pointed out that the 19th CPC National Congress was successfully held in October in Beijing. Guided by President Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era, the congress has set the goal of securing a decisive victory in building a moderately prosperous society in all respects and embarking on a new journey of fully building a modern socialist country. The congress makes a comprehensive deployment to promote the great cause of socialism with Chinese characteristics for a new era. Sharing the similar stand and views on economic globalization, trade liberalization and investment facilitation and owning extensive common interests, China hopes to further deepen the all-round cooperation with Singapore.


Zhong stressed that China and Singapore are each other’s important trade and economic cooperation partner, and through the frequent high-level exchanges, broad consensuses and achievements have been reached. The MOFCOM of China will strengthen cooperation with the Ministry of Trade and Industry of Singapore, give play to the China-Singapore Investment Promotion Committee and comprehensively implement the significant consensuses of the two countries’ leaders to promote the trade and economic relations to develop in a sustainable and healthy way.


Lim Hng Kiang said that the economic cooperation between China and Singapore has firm foundation and wide prospects, and through strengthening exchanges in areas such as investment and services, we should constantly open new cooperation areas and innovate the ways towards mutual benefits and the win-win goal. Singapore would like to strengthen contacts and exchanges with China, take the historic opportunities of the Belt and Road initiative and China’s economic transformation, and encourage Singaporean enterprises to invest in China. At the same time, it is hoped that more Chinese enterprises “go out” through Singapore and expand international development space with no stop.


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