SG, China boost economic ties

The bilateral cooperation will promote new economic projects.

Singapore and China have vowed to further strengthen bilateral economic cooperation.

During the 7th Investment Promotion Committee (IPC) meeting, Singapore's Ministry of Trade and Industry (MTI) and the Ministry of Commerce of the People’s Republic of China (MOFCOM) identified new and concrete initiatives that can benefit both markets. 

The parties also announced the finalisation of their joint study on green economy cooperation, which has identified broad initiatives to guide the next phase of cooperation in the green economy.

Both ministries also discussed the ongoing digital initiatives on paperless trading with Chinese cities, including Beijing, Chongqing, Shanghai, and Suzhou.

The ministries encouraged Singapore and Chinese businesses to explore collaborations through platforms such as SGTraDex to enhance supply chain visibility.