Country for PR: China
Contributor: Xinhua News Agency
Thursday, May 18 2023 - 20:13
AsiaNet
Fujian Delegation Visits Singapore for Economic, Trade and Cultural Exchanges
FUZHOU, China, May 18, 2023 /Xinhua-AsiaNet/--

From May 15 to 17, Zhou Zuyi, Secretary of Fujian Provincial Committee and 
Chairman of the Standing Committee of Fujian Provincial People's Congress led a 
delegation to Singapore, according to the Information Office of Fujian 
Provincial People's Government. 

Acting on the important consensus reached by the state leaders of China and 
Singapore, the delegation organized extensive activities to promote business 
cooperation and cultural exchanges, and visited Fujian communities. With the 
aim of deepening friendship and upgrading the cooperation between Fujian and 
Singapore, the visit sought to tap into the strengths of both sides and achieve 
win-win outcomes.

Singapore is a major destination for Fujian migrants in the past few centuries, 
and one of the first countries to participate in Fujian's opening up and 
development after the implementation of China's reform and opening up policy. 
At present, around 1.63 million overseas Chinese in Singapore are of Fujian 
origin.

With geographical proximity and cultural affinity, Fujian and Singapore have 
maintained frequent exchanges in various fields. After China and Singapore 
established diplomatic relations in 1990, Fujian-Singapore cooperation has 
gained a stronger momentum in the fields of science and technology, education, 
health, culture and tourism, adding impetus to the development of both sides.

In 2022, two-way trade between Fujian and Singapore amounted to 27.14 billion 
Chinese yuan, an increase of 36.8% year-on-year. By the end of 2022, Singapore 
had invested in 1,833 projects in Fujian Province, with a total contractual 
investment of USD11.87 billion.

In 1821, the first Chinese junk boat to sail directly from China to Singapore 
departed from Xiamen, Fujian Province. Since then, Fujian and Singapore have 
enjoyed increasingly frequent economic and trade cooperation and 
people-to-people exchanges. 

Economic and trade cooperation have brought Fujian and Singapore closer in 
economic ties. The Department of Commerce of Fujian Province and the 
International Enterprise Singapore and other institutions jointly held a series 
of promotional events such as the China (Fujian)-Singapore Symposium on 
Economic, Trade, and Financial Cooperation in 2023, and the Summit for 
International (SG-CN Fujian) Technology Enterprises Cooperation in 2022. These 
events served to encourage leading Singaporean enterprises in electronics, 
information technology, and petrochemical sectors to leverage their advantages 
in capital, technology, equipment and products and establish operations in 
Fujian, thus driving related industries in Fujian toward higher-quality 
development and further enhancing economic and trade cooperation between Fujian 
and Singapore.

Source: The Information Office of Fujian Provincial People's Government