Message from the Public Participation: In April this year , the second "One Belt, One Road" International Cooperation Summit will be held in Beijing, and Singapore Prime Minister Lee HsienLoong will be invited to attend. Singapore is an important fulcrum country along the Belt and Road. The One Belt and One Road has become the focus of China-Singapore cooperation. The two countries have signed a number of cooperation agreements to achieve complementary advantages and achieve fruitful results. To this end, on the occasion of the 2nd One Belt, One Road International Cooperation Summit Forum, we launched the special One Belt, One Road cooperation results, focusing on China-Singapore economic and trade relations, intergovernmental cooperation projects, infrastructure cooperation, bilateral trade, Two-way investment in five themes, introducing cooperation in various fields, and offering new Belt and Road cooperation in the ceremony.

Since the establishment of diplomatic relations between China and Singapore in 1990, under the personal care and guidance of the leaders of the two countries, bilateral economic and trade cooperation has flourished and achieved remarkable results. Important bilateral mechanisms operate smoothly. China and New Zealand established the Joint Committee on Bilateral Cooperation (JCBC), Sino-Singapore Suzhou Industrial Park, Tianjin Eco-City, (Chongqing) Strategic Interconnection Demonstration Project Joint Coordination Council and other four deputy prime ministerial economic and trade cooperation mechanisms, China-Singapore Investment Promotion Committee (IPC) and other inter-ministerial cooperation mechanisms, Shandong, Sichuan, Zhejiang, Liaoning, Tianjin, Jiangsu, Guangdong and other provinces and cities have established provincial and ministerial economic and trade cooperation mechanisms, and policy communication and coordination at all levels and in all fields have been continuously strengthened. It has created favorable conditions for deepening bilateral economic and trade cooperation. The cooperation in key areas has been fruitful. The cooperation between China and New Zealand on several platforms, such as interconnection, financial support, third-party market and professional services, is continuously deepening and achieving initial results. The two countries cooperate in regional infrastructure interconnection projects; Financial institutions and New Zealand cooperate to develop One Belt, One Road financial products; the two countries cooperate to develop industrial parks and expand the national market along the Belt and Road; the trade promotion agencies of the two countries cooperate to provide commercial legal services such as arbitration for the Belt and Road construction project. Wait. The construction of key cooperation projects is progressing smoothly. China-Singapore third inter-governmental cooperation project - Sino-Singapore (Chongqing) strategic interconnection demonstration project and the construction of new international land and sea trade channel have made positive progress, and cooperation projects in logistics, information, finance and aviation have been highlighted by various sectors. extensive attention. The Sino-Singapore Guangzhou Knowledge City was upgraded to a national-level bilateral cooperation project, and the pilot construction of smart cities was promoted in an orderly manner. Other bilateral cooperation projects such as Suzhou Industrial Park, Tianjin Eco-city and other key cooperation projects such as Jilin Food Zone, Xinchuan Science and Technology Innovation Park and Nanjing Eco-Science Island have also made new progress. Bilateral trade and two-way investment have grown steadily. China continues to maintain Singapore's position as the largest trading partner. Last year, bilateral goods trade totaled US$82.88 billion, a year-on-year increase of 4.6%. Singapore is China's largest source of new foreign investment. Last year, Singapore's direct investment in China exceeded US$5.21 billion, an increase of 9.4%, accounting for more than 80% of the total investment in China along the Belt and Road. China's new investment has increased by 11% to US$3.55 billion, accounting for 22.7% of China's total investment in the countries along the Belt and Road and more than 7,500 new Chinese-funded enterprises.

The Sino-Singapore "One Belt, One Road" cooperation not only benefits the people and enterprises of the two countries, but also plays a good role in demonstrating and leading. The new and medium-sized enterprises are taking advantage of their respective advantages and taking advantage of Singapore's status as a financial, shipping and technology center to jointly expand the national markets along the route and drive the regional Belt and Road construction. China will work with countries along Singapore and other countries to uphold the principle of building, sharing, and sharing, and continue to promote the One Belt, One Road to achieve high-quality development.

Source: China � ASEAN Business Council