SINGAPORE - China's Belt and Road initiative plays an important role in strengthening regional and multilateral cooperation amid global uncertainty, said Deputy Prime Minister Heng Swee Keat.
Mr Heng, who is also Finance Minister, was speaking a Singapore-China Business Association event at Shangri-La Hotel, ahead of his trip to China next week. But the economy remains strong in Asia, he noted, adding that Asean is expected to become the fourth largest economy in the world by 2030. Besides developing physical infrastructure to better connect China with the world, China can work with other countries on new areas of cooperation under the initiative, he added.
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