Singapore Minister of Trade and Industry Chen Zhensheng said that China is increasingly needed to ensure that business standards are in line with the world. Although the protection of intellectual property rights and investment is not fully satisfied, it has been on the right track.
Chen Zhensheng visited Shanghai the day before yesterday to participate in the Second China International Import Expo. When he was interviewed by the Singapore media at the Expo yesterday, he talked about his view of continuing to expand openness through the Expo through the Expo.He believes that China's long -term development path is to continue to integrate with the world, and Chinese leadership now considers this as one of the highest priority matters will gradually implement relevant measures.
He pointed out that China ’s foreign investment surpassed foreign investment a few years ago, which means that China is increasingly needed to promote business standards to the world.In terms of intellectual property rights and investment protection, China also needs to ensure the treatment of its foreign investment, which is consistent with foreign investment in China.
He said that after all, changes will not happen overnight. Although some more anxious people are not completely satisfied with the progress of the implementation of relevant Chinese measures, we can be sure that China is on the right path.
Chen Zhensheng also attended the New China Economic and Trade and Investment Forum organized by the Singapore Industry and Commerce Federation yesterday to share his views on China's current market environment.He pointed out that China has different cities and income levels, and believes that only a single Chinese market is a wrong idea.
He also reminded the participating Singaporean companies that fewer and fewer Chinese companies with cost or price advantage have become less and less. The next wave of Chinese companies will take creativity and implementation as a competitive advantage. Singapore companies should not adhere to old thinking to enter Chinamarket.
At the forum yesterday, the new China companies also signed three memorandums of understanding of cooperation to promote cooperation between the two countries in the field of finance, biotechnology and shipping.For example, Guiyang Ruishu Investment Management Co., Ltd., a subsidiary of Singapore Tianbaofu Investment Co., Ltd., reached a fund partnership agreement with China Renhuai Sauce Fragrant Liquor Industry Development Investment Co., Ltd. to launch the first cross -border equity investment private equity white wine fund in Guizhou Province.
Zhang Songsheng, chairman of the Singapore Federation of Industry and Commerce, said that in addition to letting China and the world see Singapore, he also hopes to deepen cooperation in the fields of interconnection, financial and legal services with Chinese enterprises in the region to expand third -party markets.
Lianhe Zaobao is a media partner of the New China Economic and Trade and Investment Forum. The forum has also been supported by Bank of China Singapore Branch.
