Nation

Singapore and China: A Renewed Economic Partnership as Ties Strengthen

2025-09-04

Author: Nur

A Historic Meeting Marks a New Era

In an important diplomatic encounter, Singapore's Deputy Prime Minister Gan Kim Yong met with Chinese leaders in Beijing on September 4, solidifying a commitment to strengthen economic partnerships and uphold a rules-based international trading system as both nations celebrate 35 years of diplomatic relations.

Strengthening Ties at the Top

During a welcoming lunch at the prestigious Diaoyutai State Guesthouse with Vice President Han Zheng, both leaders emphasized the longstanding friendship and collaboration between Singapore and China. They highlighted crucial areas such as trade, investment, digital connectivity, and cultural exchanges.

"We aim to enhance our collaboration and explore new avenues for partnership," Mr. Gan stated, underlining the positive state of bilateral relations.

Looking Ahead: The Joint Council for Bilateral Cooperation

Eager to advance their discussions, Mr. Gan expressed enthusiasm for the upcoming 21st Joint Council for Bilateral Cooperation (JCBC) meeting set to take place in Chongqing later this year, which he will co-chair alongside Vice Premier Ding Xuexiang. This platform serves as the highest level of dialogue to set the strategic direction for collaboration.

Mutual Commitment to Economic Growth

In a meeting with Vice Premier He Lifeng, the commitment to enhancing bilateral trade and economic cooperation was reaffirmed. They discussed significant government projects, such as the Suzhou Industrial Park, the Tianjin Eco-City, and the Chongqing Connectivity Initiative. Furthermore, both leaders outlined progress in innovative financial initiatives, including green finance and developing an effective bond market.

A Strong Partnership Over the Years

For twelve years straight, China has remained Singapore's largest trading partner, with mutual investments reaching impressive heights. Recent statistics indicate that bilateral trade soared to a staggering US$111.11 billion in 2024, demonstrating the robust economic ties between the two nations.

Singapore Supports China’s Global Role

Mr. Gan also welcomed China's forthcoming chairmanship in the Asia-Pacific Economic Cooperation (APEC) forum in 2026, emphasizing Singapore’s readiness to collaborate for regional prosperity.

On his visit, Mr. Gan didn't miss the chance to attend Beijing's military parade commemorating the 80th anniversary of World War II, expressing his ongoing commitment to ensuring peace and stability in the region.

A Productive Visit Across Multiple Cities

Throughout his trip from August 31 to September 4, Mr. Gan toured several key cities, including a notable visit to the China-Singapore Guangzhou Knowledge City, celebrating its 15th anniversary, and engaging with local leaders to discuss further collaborations.

This diplomatic mission signifies more than just a celebration; it showcases Singapore's steadfast commitment to nurturing its economic ties with China as both nations look to innovate and grow together in the future.