China, Singapore to Safeguard Economic Globalization

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China, Singapore, ASEAN, Economic, Globalization

Beijing (TDI): Chinese Vice Premier Ding Xuexiang reaffirmed China’s commitment to working with Singapore to jointly protect economic globalization, amid growing global trade protectionism and rising unilateralism.

Ding, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a meeting with Singaporean Prime Minister Lawrence Wong on Monday.

He emphasized the importance of maintaining communication between the two nations on major international and regional strategic issues.

The Vice Premier highlighted the landmark announcement made by the leaders of both countries last year, which outlined a new, future-oriented all-round high-quality partnership.

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He added that 2024 will mark the 35th anniversary of diplomatic ties between China and Singapore, and both nations are keen to further implement the strategic consensus reached by their leaders.

Ding underscored the need to strengthen high-level exchanges, enhance political mutual trust, and support each other on core national interests.

He urged both sides to align their development strategies and explore new areas of collaboration for mutual benefit.

He also reiterated China’s commitment to further opening up its economy, fostering a business environment based on market rules, law, and international norms, and welcomed more foreign investments, particularly from Singaporean companies, to contribute to a prosperous future.

Prime Minister Wong responded by reaffirming Singapore’s strong ties with China and its adherence to the one-China policy.

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He expressed Singapore’s desire to deepen cooperation in areas including trade, economy, science and technology, and people-to-people exchanges, aiming for mutual benefit and win-win outcomes.

Wong also emphasized Singapore’s willingness to play a constructive role in ASEAN-China relations, advocating for free trade and regional stability.