Singapore Treasurer Wang Ruijie (right) and Jiangsu Governor Wu Zhenglong met at Singapore MDash yesterday morning before the meeting of Jiangsu Cooperative Council.(Photo by Tang Jiahong)

Singapore Minister of Finance Wang Ruijie pointed out that the Belt and Road Initiative advocated by China is a very complicated project. It is unavoidable to have misunderstandings about what goals it wants to achieve.What, and what to do or not to do.

Wang Ruijie yesterday at the Singapore MDASH; Jiangsu Cooperative Council (SJCC) meeting in an interview with Lianhe Morning Post outside the conference venue.To the road, make the above response.

Wang Ruijie said: We need to advance more deeply to understand lsquo; the Belt and Road RSquo; the same is true of other initiatives.He pointed out that it is important to ensure that all these initiatives, reasonable structure, business feasibility, and formal and legal agreements, then the project can be effectively and properly implemented, and allows participating parties to benefit.

When all parties come to sign the agreement, they need to know what they are signing.He hopes that the Asian Infrastructure Development Bureau established by the Chinese government this year can cooperate with all parties such as the World Bank, the Asian Development Bank, and the Asian Investment Bank to play an important role in promoting economic growth, development and interconnection.

Wang Ruijie believes that the Belt and Road Initiative is a very important initiative in China. Singapore must make full use of opportunities to cooperate with China and other major trading partners in the region in my country.

New China Relations continues to improve this year, and leaders of the two countries frequently meet. Wang Ruijie said: This shows that both sides recognize that there is a strong complementarity between Singapore and China.

Wang Ruijie pointed out that this is also very important for Singapore's positioning in his own economy, as he said in this year's fiscal budget, Singapore can position himself as global and Asia (Global-Asia) technology, innovation and corporate hubs.At the same time, it is an excellent base for Chinese companies to enter regions and global companies entering China and Asia.

The 12th meeting of SJCC was held at the Shangri -La Hotel in my country yesterday morning, and was also hosted by Wang Ruijie, the chairman of SJCC's new party, and the co -chairman of China and Jiangsu Governor Wu Zhenglong.

Singapore and Jiangsu cooperation in three key areas

When Wang Ruijie gave the opening word at the meeting, he clicked out three key areas involved in the cooperation between Singapore and Jiangsu Belt and Road Intersection: trade and port interconnection, financial interconnection, and third -party market cooperation.He believes that New Su's increase in cooperation can bring more opportunities to the two places, and deepen and expand their cooperation between both parties in innovation and entrepreneurship.

As for the new Soviet relations, Wang Ruijie pointed out that the cooperation between the two places for many years is open and integrated., Promote the development and prosperity of both parties.

In his speech, Wu Zhenglong summarized the cooperation results of New Su in the past year. The two sides joined hands with each other and opened up a new situation in cooperation between the two places. During this period, economic and trade cooperation remained in a good momentum.The construction results are abundant.

Wu Zhenglong also made five suggestions on the next cooperation of New Soviet, including the two places to further deepen cooperation in the people's livelihood fields such as mutual benefit, innovation, ecological environmental protection, key platforms and carrons, and education and health.

Yesterday morning, more than 160 new Soviet government and business representatives attended the meeting. At the meeting, 13 memorandums of understanding (MOUS) also signed a wide range of places in trade, finance, innovation, start -up companies, clean energy, youth exchanges and training internships, etc.Field cooperation.

In Singapore's investment in China, about 30 % of Jiangsu has been invested in Jiangsu. The province has always been the first choice for Singapore's investment in China.As of the end of October this year, Singapore's cumulative direct investment projects in Jiangsu had 4,358 projects with an investment amount of US $ 28.59 billion (S $ 39.25 billion), accounting for 6.4 % of Jiangsu's actual foreign capital, which is the third largest source of foreign capital in Jiangsu.From January to October this year, Singapore's investment in Jiangsu was US $ 1.24 billion, an increase of 29.6 % year -on -year.