SINGAPORE - Despite uncertain global economic conditions last year, trade between Singapore and China's Sichuan province grew 42.8 per cent year-on-year to hit US$1.44 billion .
Singapore's cumulative actual foreign direct investment in Sichuan stood at US$6.93 billion last year, in over 600 projects ranging from infrastructure to modern services, Mr Ng added. The latest meeting, attended by over 200 government and business representatives, saw 17 project agreements signed in areas such as medical technology, transport and logistics, as well as lifestyle.
Mr Li said the Singapore Innovation Centre is expected to formally start operations in November this year, with about 10 projects coming on board.Mr Ng added that Sichuan has formally joined the China-Singapore Connectivity Initiative-International Land Sea Trade Corridor in July. China's National Development and Reform Commission has also identified Chengdu - Sichuan's capital - as an important node in the overall plan of the Western Region Land-Sea Trade Corridor.
"As we tackle common challenges such as providing affordable healthcare and an ageing population, there is potential for both sides to co-create innovative solutions," he said.
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