On the date, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, and Siau Zhen Xiong, Second Permanent Secretary of the Ministry of Trade and Industry of Singapore, co-chaired the mid-term meeting of the Joint Coordination Committee on Investment Promotion between China and Singapore in Beijing.

Ling Ji said that last year, the leaders of the two countries decided to elevate the China-Singapore relationship to a forward-looking partnership of high quality and all-round development, opening a new chapter in the high-level development of bilateral relations. The economic and trade cooperation between China and Singapore is dynamic and vibrant. China has maintained its position as Singapore's largest trading partner for consecutive years. Singapore is China's second largest source of foreign investment and the largest destination for China's foreign investment.

Under the impetus of the China-Singapore Bilateral Investment Promotion Committee, key cooperative projects between the two countries, such as the Suzhou Industrial Park, the China-Singapore (Chongqing) Strategic Connectivity Demonstration Project, and the Guangzhou Knowledge City, have achieved significant results. Substantial progress has been made in forward-looking areas of cooperation such as trade in services, green development, and the digital economy. The Chinese side is willing to work with the Singaporean side to jointly implement the important consensus reached by the leaders of the two countries, continuously promote investment cooperation at a higher level and in broader areas, and advance the high-quality development of bilateral economic and trade relations.

Xiao Zhenxiang stated that the bilateral investment between China and Singapore has yielded fruitful results, and the prospects for economic and trade cooperation are broad. Singapore is willing to work with China under the mechanism of the China-Singapore Investment Promotion Committee to continuously promote bilateral investment cooperation, enhance communication and exchanges, expand cooperation areas, and achieve mutually beneficial and win-win development.