Chinese Premier Li Qiang expressed on Monday his aim for China and Singapore to collaborate in order to ensure the stability of global supply chains. This push for further cooperation is seen as Beijing’s effort to establish more solid connections with neighboring nations, a move that could help counterbalance the strain from Sino-US trade frictions.
Li Qiang conversed with Singapore’s Prime Minister Lawrence Wong within the grandeur of Beijing’s Great Hall of the People. The Chinese Premier noted the continued reinforcement of bilateral ties and highlighted the symbiotic relationship between China and Singapore as ‘amicable neighbors and critical partners’.
Chinese Premier mentioned that China desires to maintain intensive high-level interactions with Singapore. He spotlighted the importance of fortifying strategic dialogue, solidifying political mutual credibility, and fostering an even richer outcome in bilateral relations and cooperation, according to a report by state TV network CCTV.
Li emphasized both countries as beneficiaries and guardians of economic globalization and free trade. He argued in favor of open regionalism and genuine multilateralism while encouraging the active facilitation of trade and investment liberalization. This, he believes, is crucial to sustaining the stability and seamless operation of global supply chains.
The Chinese Premier stated that China is ready to broaden the scope of its trade and investment activities with Singapore. This objective relates not only to economic cooperation but also extends to cultural exchanges, which can foster mutual understanding and strengthen connections.
Li further stated China’s willingness to form alliances in new technological sectors. He underscored the potential for collaboration in advanced industries such as the digital economy and artificial intelligence, which could be key drivers of future economic growth.
The Chinese Premier also expressed interest in working with Singapore and other members of the Association of Southeast Asian Nations (ASEAN). His proposed collaboration aims to promote regional cooperation and mutual advancement amongst Southeast Asian economies.
Alongside economic goals, Li stressed the importance of strengthening the cultural ties between the two nations. By enhancing cultural exchanges, Li believes both countries could better understand, respect, and learn from one another’s unique heritage and way of life.
Amid the fast-paced advancement of technology, the Chinese Premier also recognized the emerging opportunities in digital industries. He highlighted potential areas for cooperation between the two nations, such as digital commerce and artificial intelligence development. These initiatives could offer innovative solutions while driving technological sophistication and economic prosperity in both countries.
With the shared interests of Singapore and China in safeguarding global trade, Li Qiang expressed hope for the harmonization of mutual goals. The Premier encouraged both countries to champion open regionalism and genuine multilateralism, providing crucial support for the global supply chain.
Displaying a future-forward mindset, the Premier expressed China’s eagerness to expand their scope of cooperation, potentially tapping into novel sectors. This includes areas such as the digital economy where there is a need to adopt and adapt to the ever-evolving technological landscape.
Li further elaborated on China’s objective to be in step with ASEAN countries to encourage regional collaboration. This joint aspiration can enhance stability, secure economic growth and prosperity, and promote a harmonious relationship in the Southeast Asian region.
In conclusion, these multifaceted discussions between the Chinese Premier and Singapore’s Prime Minister touched on strategic communication, political trust, and regional cooperation. Premier Li Qiang expressed optimism that these mutual endeavors can enhance bilateral relations while fostering a prosperous future for both countries.
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