Singapore’s Senior Minister Lee Hsien Loong is visiting China, marking a significant moment in the longstanding relationship between the two nations. As they prepare to celebrate 35 years of diplomatic ties next year, this visit underscores a renewed commitment to collaboration amidst a changing global landscape.
Lee’s visit comes at a pivotal time. With Singapore smoothly transitioning its leadership, the continuity in its foreign policy is ensured. Moreover, the uncertain global geopolitical environment, especially with upcoming elections and shifting dynamics in the Asia-Pacific region, adds importance to this trip.
Experts suggest that Lee aims not only to strengthen Singapore-China relations but also to explore ways to navigate uncertainties in future China-U.S. relations. His extensive political influence and diplomatic experience place him in a unique position to enhance bilateral ties and contribute to regional dialogue.
Under Lee’s leadership as prime minister, Singapore and China have developed a robust investment and trade relationship. Since 2013, China has been Singapore’s largest trading partner, while Singapore remains one of China’s top foreign investors. In 2023, bilateral trade reached $108 billion, with Singapore’s cumulative investments in China exceeding $141 billion.
During his visit, Lee will travel to Beijing, Shanghai, and Suzhou, highlighting the depth of economic and cultural collaboration between the two countries. A key focus will be the Suzhou Industrial Park, a flagship project launched in 1994 that symbolizes the successful partnership between Singapore and China. The park has evolved into a thriving hub for advanced manufacturing and technology, achieving significant milestones over the past three decades.
In Shanghai, Lee will spotlight the achievements of CapitaLand Group, a Singaporean real estate giant with a substantial presence in China. The company’s investments in over 200 projects across 40 cities, including iconic developments like Raffles City, reflect the strong economic ties between the two nations.
Lee’s discussions in Beijing are expected to delve into emerging opportunities for collaboration in areas such as the digital economy, green energy, and advanced manufacturing. These topics align with China’s 14th Five-Year Plan and Singapore’s focus on global innovation.
This visit is anticipated to build on past successes, further elevating the level of cooperation between Singapore and China. It aims to inject fresh momentum into their relationship and enhance interactions between China and Southeast Asia as a whole.
As Singapore and China look toward the future, Lee Hsien Loong’s visit symbolizes a shared commitment to growth, innovation, and regional stability. The strengthened ties not only benefit both nations but also contribute to the prosperity of the broader Asia-Pacific region.
Reference(s):
Lee Hsien Loong visits China: A renewed focus on bilateral ties
cgtn.com
