SM Teo Chee Hean hails Singapore firms investing in new growth areas in Sichuan

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Mr Teo says Singapore looks forward to more opportunities for collaboration.

cuisine and giant pandas, a Singapore company is using artificial intelligence to help manufacturers attain smart, zero-error factory operations.

“I am very glad to see that there are many Singapore companies here in Sichuan, not only in traditional areas, but also in new areas,” said Senior Minister Teo Chee Hean in a bilateral meeting with Sichuan party secretary Wang Xiaohui on March 18. Among these businesses are firms in emerging fields such as AI, healthcare and biotechnology, Mr Teo noted after having met several of these businesses earlier in the day.

Singapore’s cumulative investments in Sichuan amounted to US$4.2 billion across 737 projects in 2022, according to figures cited by trade agency Enterprise Singapore. Two-way trade stood at 16.1 billion yuan in 2023, according to Chinese figures. Posting on Facebook late on March 18, Mr Teo said the visit to several firms and the business park was an opportunity “to see how Sichuan and Singapore companies in western China are positioning themselves at the forefront of research and innovation”.In Chengdu, Sichuan, which I last visited in 2010. Met Sichuan Party Secretary Wang Xiaohui. We affirmed the depth of...

 

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