Chinese leader's busy day

Chinese leader's busy day
China's Vice-Minister of Science and Technology Cao Jianlin (second from left) and Senior Minister of State for Trade and Industry and National Development Lee Yi Shyan (second from right) exchanging documentson Tuesday. Looking on are Mr Zhang (left) and DPM Teo Chee Hean.

Chinese Vice-Premier Zhang Gaoli called on President Tony Tan Keng Yam and Prime Minister Lee Hsien Loong on Tuesday afternoon, after a busy morning co-chairing the meetings of three key bilateral instruments.

He was hosted to lunch by Deputy Prime Minister Tharman Shanmugaratnam and dinner by Emeritus Senior Minister Goh Chok Tong.

A Ministry of Foreign Affairs statement said both sides affirmed the close Sino-Singapore ties during the meetings between Mr Zhang and Singapore's leaders.

They also exchanged views on how Singapore can participate in China's regional development and share experiences in economic transformation, as well as how the two countries can build on their existing bilateral links.

Key agreements signed between Singapore and China

FINANCIAL COOPERATION

Deputy Prime Minister Teo Chee Hean and Chinese Vice-Premier Zhang Gaoli agreed on a host of initiatives to promote the international use of the yuan through Singapore. This includes allowing direct trading of the yuan and the Singapore dollar.

COLLABORATION IN AFRICA AND SOUTH-EAST ASIA

International Enterprise (IE) Singapore and the China Development Bank will work to help Singapore and Chinese companies tap each other's strengths in emerging markets. The agreement also aims to help firms gain access to financing for infrastructure projects.

SMART CITY TWINNING

The Infocomm Development Authority of Singapore, IE Singapore and the Suzhou Industrial Park Administrative Committee will identify districts in Singapore and Suzhou Industrial Park to be used for trials for "smart city" innovations. These innovations include using technology and data to manage problems like parking and traffic congestion. The Singapore site chosen is the Jurong Lake district.

WORKING GROUP ON SERVICES TRADE

Singapore's Ministry of Trade and Industry and the Chinese Ministry of Commerce will set up a working group to explore how both sides can promote bilateral trade in services. Sectors they are looking at include health care, finance, education, environmental protection and urban planning.


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