Liangjiang Totals 44 China-Singapore Cooperation Projects

Liangjiang New Area in Southwest China’s Chongqing municipality reported a total of 44 China-Singapore cooperation projects signed since the China-Singapore (Chongqing) Demonstration Project on Strategic Connectivity (CCI) was launched in 2015, accounting for 24% of the total figure of Chongqing. The contract amount totaled $ 10.98 billion, contributing 44% of Chongqing’s total amount.

TheCCI is the third intergovernmental cooperation project between China and Singapore. It focuses on the four areas of financial services, aviation, transport and logistics, information and communications technology, and sets to enhance the connectivity between western China and Southeast Asia. As a core area of the scheme, Liangjiang New Area has been making continuous efforts to promote the development of CIC and witnessed a series of projects landing, such as the China-Singapore (Chongqing) Multimodal Distribution and Connectivity Center, National University of Singapore (Chongqing) Research Institute, and the GDS Chongqing Data Center.

On June 17, the China-Singapore (Chongqing) Multimodal Distribution and Connectivity Center officially started operation in Guoyuan Port. The center is positioned as an international trade and logistics center to promote the cooperation between southwest China and the ASEAN countries. It sets to introduce Singapore’s technology and management experience in the transportation and logistics sectors, and to integrate resources, including China Railway Express, Yangtze Golden Waterway, Guoyuan Port, and Jiangbei International Airport.

National University of Singapore (Chongqing) Research Institute was jointly founded by the National University of Singapore (NUS) and the new area in 2019 as the only operation center of NUS in western China. It serves as a high-end research and development platform in the key scientific research areas of advanced manufacturing and materials, intelligent sensing and AI, modern logistics, as well as finance and risk management. It is also a high-tech industry incubation base and a center for talents’ cultivation and academic exchanges. In collaboration with BLOCK71, a technology-focused ecosystem builder and global connector, the institute provides full incubation services to start-ups. It has introduced eight tech companies since 2020 and two of them were included in the Singapore-China (Chongqing) ICM Joint Innovation Development Fund (JIDF) for financial support.

The new area is seizing the opportunities brought by the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement and promoting further cooperation with Singapore in various areas to build Liangjiang into an open gateway of inland China, said Qin Shubin, member of the Liangjiang New Area Party Work Committee and vice-director of the Liangjiang New Area Administrative Committee.

(Content provided by Liangjiang New Area Media Center；photo by Li Qian)