Chinese Vice Premier Ding Xuexiang reaffirmed Beijing's commitment to international economic collaboration during a high-profile meeting with Lim Chow Kiat, CEO of Singapore's sovereign wealth fund GIC, on Wednesday. The discussion highlighted growing confidence in China's economic transformation and its implications for Asian markets.
As a key member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, Ding emphasized the 'strategic guidance' driving bilateral relations. 'The all-round, high-quality partnership between our nations continues breaking new ground,' he stated, positioning the relationship as a model for regional cooperation.
The vice premier outlined China's economic trajectory, noting the rapid development of new quality productive forces and technological breakthroughs across industries. 'Our consistently improving business environment makes China an attractive destination for global enterprises,' Ding added, specifically inviting Singaporean investors to deepen their market engagement.
Lim acknowledged China's development achievements, expressing GIC's confidence in the country's long-term prospects. The $690 billion fund's leader signaled intentions to expand cooperation, particularly in emerging sectors aligned with China's innovation-driven growth strategy.
This dialogue occurs as Southeast Asian investors increasingly participate in China's tech transformation, with Singaporean entities investing $7.3 billion in the Chinese mainland during 2023's first quarter alone.
