12 November 2015
Chinese President Xi Jinping’s state visit to Vietnam and Singapore has achieved fruitful results in economy and trade, creating new momentum for inter-governmental cooperation and opportunities for industrial development, and charting the future course of cooperation.
With Xi’s visit to the two countries, the dovetailing of China’s Belt and Road initiative and Vietnam’s and Singapore’s development strategies has been implemented.
China’s initiative on the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road and Vietnam’s “Two Corridors and One Economic Circle” plan could be docked through many ways, said Nguyen Ngoc Truong, former Vietnamese ambassador to five countries and now head of the Center of Strategy and International Studies, a private think-tank.
… Based on general trends, China-Singapore economic and trade cooperation has expanded and deepened, said Li Mingjiang, associate professor at S. Rajaratnam School of International Studies (RSIS) of Nanyang Technological University.
The economic inter-dependency between China and Singapore has grown deeper and deeper, from investment, trade in the past to service, logistics and the knowledge-base economy today, he said.
GPO / IDSS / Online
Last updated on 13/11/2015