Chinese Premier Li Qiang arrived in Singapore on Saturday for a three-day official visit, marking his first trip to the city-state since assuming office. The visit, at the invitation of Singaporean Prime Minister Lawrence Wong, is expected to focus on strengthening economic cooperation and regional stability amid evolving global trade dynamics.
Analysts highlight Singapore's role as China's largest foreign investment destination and a key partner in Southeast Asia. Both nations are anticipated to discuss collaboration in green energy, digital economy innovation, and supply chain resilience during high-level meetings. The Chinese premier's itinerary includes talks with Singaporean leaders and a keynote address at the Asia-Pacific Economic Cooperation (APEC) CEO Summit.
This diplomatic engagement follows recent efforts to enhance cross-border financial connectivity, including the expansion of China's Cross-Border Interbank Payment System (CIPS) in Singapore. Business leaders from both countries are scheduled to sign multiple memorandums of understanding in technology and sustainable development sectors.
The visit coincides with the 15th anniversary of the China-Singapore Free Trade Agreement, with negotiations ongoing for an upgraded version. Singapore remains a crucial hub for Chinese enterprises expanding into ASEAN markets, while Chinese investments account for nearly 10% of the island nation's foreign direct investment inflows.
