Minister of Trade and Industry, Chen Zhensheng, emphasized that the government is paying close attention to the latest developments. In the past many years, it has also established a wider trade network through the trade agreement, and promotes the diversification of the economic industry to prevent my country's economy easily impacted by changes in the outside world.

The Sino -US trade war is not a short -term event caused by personal factors, but reflects the fundamental problem of deeper and lasting two countries. Therefore, the trade contradiction between the two countries may last for a period of time.Minister of Trade and Industry Chen Zhensheng said that although the trade war has little direct impact on our country, it is difficult to predict indirect impact.

Chen Zhensheng delivered a speech at the joint National Day dinner at the Dantan Boge settlement district and Latin Maris last night that the interests obtained by the United States from the development of globalization did not share fairly in all strata of society, which led to a rebound in society. ChinaIn the process of rapid development, we must also adapt to the international economic system to make adjustments.Because these belong to Andrdquo; China and the United States will take several years to make changes.

He emphasized that the government is paying close attention to the latest developments. In the past many years, it has also established a wider trading network through the trade agreement, and promotes the diversification of the economic industry to avoid my country's economy easily impacted by the outside world.

He said: "And" we should not be limited by any country or region when we obtain resources and development markets, and we should continue to ensure diversified economic development and continuously expand the market network Andhellip; Andhellip;The rules are based on a fair and fair international trade system. Anandrdquo;

Chen Zhensheng, a member of the Tanjong Boge settlement constituency, will express his views on topics that Chinese people care about at the National Day dinner in the constituency in recent years.This year, he focused on discussing the long -term care of the Chinese people through the Careshield Life, the new horse relationship after the Malaysian regime replacement, and the Sino -US trade war that worried the international community.

The United States has announced the addition of tariffs on multiple types of commodities since the beginning of this year. China has followed the retaliatory tariff counterattack. The continuous fermentation trade war has caused the international free trade system to be impacted.When talking about the influence of the trade war, Chen Zhensheng pointed out that because only a few of the goods produced in my country were affected by tariffs, the trade war and "the direct impact of the current stage of" this stage has little impact, and it can also cope with Andrdquo;

Indirect effects are more difficult to judge.As a link of the global production chain, Singapore is inevitably affected by the trade war. However, at the same time, trade disputes may also cause enterprises to transfer to Asianan and Singapore, but bring more business opportunities in my country.

Chen Zhensheng said: "The net impact of the trade war is negative, and it is unknown at this time. But we will work hard to ensure that Singapore will not suffer in the crossfires of the two economic powers. Anandrdquo;

He pointed out that the most worrying thing is that the international community's confidence in the free trade system has been hit.And "If the global trade and production system loses confidence and people withdraw investment, this will not only affect the United States and China, but the world will suffer serious consequences. Anandrdquo;

In the context of unclear global economic prospects, Chen Zhensheng pointed out that the government will continue to formulate trade agreements with other countries to speak together to support free trade.

The relationship between Xinma does not depend on any single project

After Malaysia's regime changed in May this year, the new government proposed to suspend the suspension of the Xinlong high -speed rail and review the water supply agreement, which also worried many people.In this regard, Chen Zhensheng emphasized that no matter which political party is in power, Singapore's position is cooperating with the Malaysian government under the premise of mutual respect and mutual benefit.

And "Our relationship does not depend on any single project Andhellip; Andhellip; our real challenge is the joint cooperation of the Ya'an country to compete with large economies such as China, India, the United States, and the European Union.. ANDRDQUO;

Chen Zhensheng also said that in China, my country has continuously expanded the nitric storage tank system, setting up new water and seawater desalination facilities for many years, increasing the production of edible water, and reducing dependence on Malaysia.He pointed out that the government will ensure that the future can be self -sufficient and avoiding water supply problems.