Chinese Vice Premier He Lifeng met with Temasek Holdings Chairman Lim Boon Heng in Beijing on Saturday, signaling strengthened economic collaboration between China and Singapore. The high-level discussion highlighted China's post-pandemic recovery and commitment to fostering international partnerships.
He emphasized China's economic resilience, noting its 'good recovery momentum' in 2024. The vice premier outlined plans for expanded market access, stating: 'Our business environment will keep improving, creating broad space for cooperation.' He specifically encouraged Temasek and other global investors to capitalize on China's 'huge market and development opportunities.'
Lim reciprocated the optimism, affirming Temasek's continued confidence in China's growth trajectory. The Singaporean investment giant currently manages over $287 billion in global assets, with significant holdings in Chinese tech, finance, and sustainable energy sectors.
The meeting follows recent trade agreements under the China-Singapore Free Trade Upgrade Protocol, positioning Singapore as a key partner in China's economic modernization efforts. Observers suggest this dialogue may pave the way for cross-border innovation initiatives in artificial intelligence and green technology.
