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Chinese FM holds talks with Singaporean counterpart

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      China

      China

      Chinese FM holds talks with Singaporean counterpart

      2024-09-09 22:48 Last Updated At:09-10 15:57

      Chinese Foreign Minister Wang Yi held talks with Vivian Balakrishnan, minister for foreign affairs of Singapore, in Beijing on Monday.

      Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that as two forces working for stability, China and Singapore need to strengthen strategic coordination and communication in the turbulent world.

      Noting that both China and Singapore have important domestic political agendas this year and are making steady progress toward their respective national development goals, Wang said the two sides have worked closely and learned from each other, providing significant impetus for the development of their modernization.

      China is ready to strengthen synergy with Singapore in the development strategies, put into practice the all-round high-quality future-oriented partnership established by the leaders of the two countries, and make new contributions to regional peace, stability and development, Wang said.

      The two sides should give full play to dialogue mechanisms at all levels and in all fields, make good use of their mutual visa exemption policy, and deepen the construction of a China-ASEAN community with a shared future, thereby pooling greater joint forces and injecting sustained impetus into regional integration and economic globalization, he said.

      Balakrishnan said that Singapore abides by the one-China policy and unequivocally opposes "Taiwan independence." The new Singaporean government is ready to use the 35th anniversary of the establishment of diplomatic relations between Singapore and China next year as an opportunity to prepare for high-level exchange and expand comprehensive cooperation.

      He extended his congratulations on the success of the 2024 Summit of the Forum on China-Africa Cooperation, which brought new opportunities for the accelerated development of the Global South. He said Singapore firmly supports free trade and the expansion of two-way investment between China and ASEAN, and stands ready to work with China to uphold the multilateral trading system with the World Trade Organization at its core.

      The two sides expressed their willingness to strengthen coordination and work together to push for positive outcomes from the upcoming leaders' meetings on East Asia cooperation.

      Chinese FM holds talks with Singaporean counterpart

      Chinese FM holds talks with Singaporean counterpart

      Chinese FM holds talks with Singaporean counterpart

      Chinese FM holds talks with Singaporean counterpart

      Next Article

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

      2025-01-20 22:37 Last Updated At:23:07

      China in 2024 saw a faster transformation and upgrading of investment in manufacturing industry, a strong growth of investment in high-tech industries, and a rebound of investment in infrastructure construction, according to the latest data released by the National Bureau of Statistics on Saturday.

      The investment in manufacturing industry grew by 9.2 percent compared to the previous year, or six percentage points higher than the growth rate of overall investment. In particular, investment in technological upgrades of manufacturing industry increased by eight percent, or 4.8 percentage points higher than overall investment growth.

      Private investment in manufacturing grew by 10.8 percent, driving up overall private investment by 5.3 percentage points.

      The structure of investment continued to optimize. Investment in high-tech industries rose eight percent compared to the previous year, which was 4.8 percentage points higher than the growth rate of overall investment. In particular, investment in high-tech manufacturing grew by seven percent, and that in high-tech service industry grew by 10.2 percent. Investments related to high-tech industries, such as aerospace equipment manufacturing and professional technical services, increased by more than 30 percent.

      In 2025, China plans to moderately increase central government budgetary investments, issue ultra-long-term special treasury bonds and local government special bonds, and enhance efforts to support projects for implementing major national strategies and building security capacity in key areas, as well as implementation of large-scale equipment upgrades and consumer goods trade-in programs, with the aim of stimulating private investment activity through various measures, effectively leveraging government investment to drive social investment, improving investment efficiency, and promoting steady growth in investments.

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

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