Other important ingredients in the economic and trade relations between China and Singapore under the BRI are interconnection, financial cooperation and third-party market cooperation, from which both countries are digging for new opportunities of cooperation.
Regarding interconnection, China and Singapore have already carried out three government-to-government cooperation projects, namely Suzhou Industrial Park, Tianjin Eco-City and the Chongqing Connectivity Initiative, with more projects, such as the China-Singapore Guangzhou Knowledge City and the China-Singapore Southern Transport Corridor, are underway.
They are expected to further strengthen exchanges and cooperation between the two countries under the BRI framework and strengthen the cross-border and cross-region connectivity.
In terms of financial cooperation, China and Singapore are tapping into potentials at the private sectors.
The Asia Pacific Exchange, founded by Chinese companies, for instance, was officially opened in Singapore in May, aimed at establishing Asian price benchmark for commodities and becoming a new iconic BRI project.
China's commercial banks are also playing increasingly important roles in promoting bilateral financial cooperation with Singapore. Take the Bank of China for example, as of late July, its Singapore branch has raised an accumulated more than 16 billion U.S. dollars of fund for financing BRI projects.
【国内英语资讯:Spotlight: China, Singapore explore more potentials for BRI cooperation】相关文章:
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2020-09-15
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