BEIJING: Cooperation between Singapore and China has continually evolved to take into consideration both countries’ development priorities and capabilities, said Singapore Finance Minister Heng Swee Keat. Speaking to about 200 local and international students at Tsinghua University in Beijing on Saturday (Nov 25), Mr Heng also outlined areas where both
BEIJING: Cooperation between Singapore and China has continually evolved to take into consideration both countries’ development priorities and capabilities, said Singapore Finance Minister Heng Swee Keat.
Speaking to about 200 local and international students at Tsinghua University in Beijing on Saturday (Nov 25), Mr Heng also outlined areas where both countries could cooperate on moving forward.
These are in the areas of trade, innovation, finance, people-to people ties and environmental sustainability.
However, Mr Heng noted there are a number of long-term opportunities and challenges that affect the global economy.
This includes major economies having to manage ageing populations, as well as a slowdown in productivity growth, despite new technologies creating new industries and value.
Mr Heng added in many countries, there are also widening divides in society, with social cohesion being weakened.
« These are deep, complex, and long-term challenges that many countries will face to varying degrees. At the same time, each county also faces unique challenges of their own, » said Mr Heng.
« The challenges and opportunities that Singapore and China face have both similar and different elements.
