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Strengthening Economic Relations Between China and Singapore: Trade, Investment, and Future Opportunities

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Since 2013, Singapore has been China’s largest foreign investment source and trading partner. Both countries collaborate in the Belt and Road Initiative, with over 8,500 Chinese firms in Singapore. Their trade strengthened under the RCEP Agreement, growing by 4.4% in 2023.


Singapore has been China’s largest source of new foreign investment for 11 consecutive years since 2013. Likewise, China has remained Singapore’s largest trading partner, largest export market, and largest source of imports for 11 years in a row. Companies from both countries have jointly explored opportunities in the Belt and Road Initiative (BRI) markets, achieving positive outcomes in areas such as infrastructure, financial technology, legal services, and third-party market cooperation.

Currently, there are over 8,500 Chinese enterprises registered in Singapore, covering a wide range of industries, including trade, finance, shipping, infrastructure, logistics, and real estate. Singapore serves as a key hub on the Maritime Silk Road and plays an important role in the high-quality development of the BRI.

In this article, we explore the strengthening economic ties between China and Singapore, highlighting potential opportunities in bilateral trade and investment.

China and Singapore are both member countries in the Regional Comprehensive Economic Partnership (RCEP) Agreement. This is a Free Trade Agreement (FTA) between 15 countries and is the largest FTA in the world. Since the RCEP Agreement entered into force in 2022, China and Singapore’s year-on-year bilateral trade has increased by 4.4 percent by the fourth quarter of 2023.

Source: Ministry of Commerce, China

Singapore’s top exports to China are electrical equipment and nuclear machinery, two categories that have consistently been major imports over an extended period.


This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in ChinaHong KongVietnamSingapore, and India . Readers may write to info@dezshira.com for more support.

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China

Implications of Chinese Tech Companies’ Global Reach for AI Governance Worldwide

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China is actively shaping global AI governance through participation in multilateral organizations and initiatives, while its technology companies increasingly influence the market, limiting the potential for international agreements.


China’s Role in Global AI Governance

China plays a vital role in the global governance of artificial intelligence (AI), with an increasing presence in multilateral organizations that set technical standards for this emerging technology. Chinese nationals are taking on significant roles, and the country is actively influencing AI-related initiatives within the United Nations. Additionally, China has been issuing high-level declarations outlining its vision for global AI governance.

Commercial Influence on AI Standards

While formal governance measures are important, China’s growing global market share in technology may have the most substantial impact on international AI governance. The widespread adoption of AI technologies by Chinese firms could shape and, in some cases, restrict the framework of international agreements governing these technologies. As Chinese technology companies expand, the proliferation of their AI applications may pose challenges for standardization.

Global AI Initiatives

China’s vibrant innovation ecosystem and government support for AI have propelled its tech companies to the forefront of international markets. In countries like Saudi Arabia and Uganda, firms such as SenseTime and Huawei are facilitating AI projects, including surveillance systems and smart city infrastructure. These partnerships deepen China’s global commercial reach and enhance its influence over AI development and training worldwide.

Source : What the commercial reach of Chinese technology companies might mean for global AI governance

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iClick Interactive Finalizes Strategic Divestment of China Marketing Business | ICLK Stock Update

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iClick Interactive announced the completion of its disposal of demand side marketing solutions in mainland China, aiming to improve operational efficiency, liquidity, and profitability to enhance long-term shareholder value.


iClick Interactive Completes Business Disposal

HONG KONG, Nov. 27, 2024 /PRNewswire/ — iClick Interactive Asia Group Limited (NASDAQ: ICLK), a leading online marketing provider in Asia, has finalized the sale of its demand side marketing solutions business in mainland China. This move aligns with a share purchase agreement dated September 11, 2024, signaling a strategic shift for the company.

Enhancing Operational Efficiency

The company plans to enhance operational efficiencies and realign its focus to meet evolving market trends. These initiatives aim to boost liquidity and profitability, potentially increasing long-term shareholder value. iClick aims to leverage its strengths to drive business growth amidst dynamic industry conditions.

About iClick Interactive

Founded in 2009, iClick offers data-driven online marketing solutions across Asia, helping brands optimize performance throughout the consumer lifecycle. For further information, visit iClick’s investor relations. This release contains forward-looking statements about the company’s strategies and performance; actual outcomes may differ.

Source : iClick Interactive Completes Strategic China Marketing Business Divestment | ICLK Stock News

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Harnessing China’s Organic Surge: Insights on Certification, Trends, and Opportunities

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China’s organic product industry is booming, with sales hitting $14 billion in 2023, making it the third-largest globally. The government promotes sustainability and quality through regulations, while understanding the certification process is vital for stakeholders to leverage growth opportunities.


China’s organic product industry is rapidly growing, with sales reaching US$14 billion in 2023, making it the third-largest market globally. The Chinese government is actively promoting this sector through regulations and initiatives to meet sustainable development goals and rising consumer demand for high-quality products. Understanding the certification process and key trends in this industry is crucial for stakeholders looking to capitalize on its lucrative opportunities.

China’s organic product industry is experiencing robust and rapid growth, with total sales reaching US$14 billion in 2023, making it the third-largest organic product consumption market globally.

The Chinese government is actively promoting the organic sector to meet sustainable development goals and rising consumer demand for high-quality food and products. The Ministry of Ecology and Environment (MEE) has introduced regulations on constructing and managing national organic food production bases to standardize the development process. This initiative aims to enhance the supply capacity of green and organic products, driving high-quality growth in the organic industry.

In September 2024, the State Administration for Market Regulation (SAMR) released the China Organic Product Certification and Organic Industry Development (2024) report (hereafter, “the report”). The report highlights that organic product sales in China surpassed RMB 100 billion (US$13.8 billion) for the first time, marking a 61 percent increase compared to 2018. Over the past five years, sales have grown at an average annual rate of nine percent, further solidifying China’s position as one of the world’s leading organic consumption markets.

As China’s organic product market continues its rapid expansion, understanding the certification process for organic producers, processors, and handlers will be crucial for future growth. This article will outline the steps required for organic certification and explore key trends shaping the industry’s future.

The China Organic Product Certification program is a government initiative governed by the National Standard GB/T19630-2019, issued by the SAMR. This standard outlines requirements for the production, processing, labeling, and management of organic products. It is designed to regulate the production and trade of organic goods for the Chinese market and applies to both domestically produced and imported products. The current version of the standard, originally published in December 2011, was updated on August 30, 2019, and became effective on January 1, 2020.

Organic agriculture is a fast-growing industry in China. With people’s living standards improving and rising consumer demand for high-quality food and goods, organic agriculture has emerged as one of China’s fastest-growing industries. Organic products, requiring additional investments in production processes and higher care standards, typically command premium prices in the market. Obtaining organic product certification not only increases profitability for producers and handlers but also elevates their market competitiveness.


This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in ChinaHong KongVietnamSingapore, and India . Readers may write to info@dezshira.com for more support.

Read the rest of the original article.

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