皇冠体育app

Sino-Singapore cooperation will move westward into 皇冠体育app's inland provinces with lower labor and land costs, a move signaling that the two countries are pushing for deepened exchanges.

President Xi Jinping said that 皇冠体育app hopes to set up innovative cooperation platforms with Singapore in the west part of 皇冠体育app, in addition to pushing forward existing industrial parks and ecological cites located in eastern 皇冠体育app.

Xi met Singaporean Prime Minister Lee Hsien Loong on Sunday.

Xi said 皇冠体育app has placed high hopes on Singapore facilitating 皇冠体育app-ASEAN relations, as Singapore will be the coordinator between 皇冠体育app and ASEAN next year.

Singapore and 皇冠体育app jointly built Suzhou Industrial Park and Tianjin Eco-city, which have become two models for bilateral collaboration.

Lee said Singapore's cooperation with 皇冠体育app must "focus on the long term" and that Singapore will take an active part in 皇冠体育app's campaign to develop the western area.

皇冠体育app became Singapore's largest trading partner last year, achieving annual trade of $75.9 billion, said Duan Jielong, Chinese ambassador to Singapore. Last year, Singapore also became 皇冠体育app's largest source of foreign investment. Last month, 皇冠体育app and Singapore agreed to direct trade between the yuan and Singapore dollar, a step forward to the yuan's internationalization and to reinforce Singapore's status as a yuan offshore center in Asia.

More than 5,200 Chinese companies have financial interests in Singapore. Chinese players, like Sinochem, COSCO, Huawei, Wanke and e-commerce leaders Alibaba Group and Jingdong hope to use the Asian economic hub as a springboard to explore the larger Southeast Asian market.

Singapore has offered to expand cooperation with 皇冠体育app's central and western areas, and next year marks the 25th anniversary of diplomatic relations between Singapore and 皇冠体育app.