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Singapore-China Forum highlights growing bilateral diplomatic ties

China

China

China

Singapore-China Forum highlights growing bilateral diplomatic ties

2025-10-12 17:19 Last Updated At:20:07

The 7th Singapore-China Forum taking place in Singapore on Friday highlighted the growing bilateral diplomatic ties over the past 35 years.

The theme of "Finding Common Ground in a Disordered World" brought together officials and scholars from both nations to the forum.

They reviewed 35 years of diplomatic achievements and explored ways to enhance mutual trust and cooperation.

Singaporean Minister for National Development Chee Hong Tat delivered a keynote speech, expressing hope for deepening ties and expanding partnerships. "Over the 35 years our partnership has grown from strength to strength. Underpinned by the commitment of leaders on both sides, we have invested deeply in building personal trust, finding common ground and a shared sense of purpose," he said.

Participants said the mutual understanding and bilateral practical collaboration benefit both China and Singapore and contribute to regional prosperity and stability.

"China and Singapore have developed a very strong multifaceted relationship that is pragmatic and covers many areas. Of course, one of them is the economic part which is very, very important," said Alfred Schipke, director of the East Asian Institute of the National University of Singapore.

Singapore-China Forum highlights growing bilateral diplomatic ties

Singapore-China Forum highlights growing bilateral diplomatic ties

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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