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Guangdong and Singapore inked 32 cooperation projects worth 26 billion RMB

Photo provided to GDToday

A total of 32 cooperation projects with a total investment of about 26 billion RMB were reached at China (Guangdong)-Singapore Economic and Trade Cooperation Conference on June 26 in Singapore.

The deals covered the energy and chemical industry, supply chain, new materials, finance, technological cooperation and cultural tourism. 

The conference was held by the Guangdong delegation led by the governor, Wang Weizhong, and hosted by Zhang Jinsong, director-general of the Guangdong Department of Commerce.

Sun Haiyan, Chinese Ambassador to Singapore, and Alvin Tan, Minister of State for the Ministry of Culture, Community and Youth, and the Ministry of Trade & Industry and more than 300 representatives of renowned enterprises and institutions in Singapore, including Golden Eagle Group, DBS Bank, Exxon, CapitaLand, Singapore Chinese Chamber of Commerce and Industry, and Business China also attended the event.

Governor Wang Weizhong delivered a keynote presentation, introducing the supportive policies and business environment of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the development and investment opportunities of key industries in Hengqin, Qianhai, and Nansha.

The exchanges and cooperation between Guangdong and Singapore have steadily grown in recent years. As Singapore’s largest trading partner at the provincial level and also its biggest destination for investment in China, Guangdong province has accumulated over 17 billion US dollars worth of investment from Singaporean enterprises.

Meanwhile, the import and export volume between Guangdong and Singapore in the first five months of 2023 reached 10.79 billion US dollars, a substantial increase of 39.4%, a mark of booming economic and trade cooperation prospects between the two sides.

Reporter: Eastbrook

Editor: Olivia Nan, Steven, Monica, Jerry

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