09 Apr '18, 7am

There are risks in becoming too cozy with China, however.

There are risks in becoming too cozy with China, however.

Singapore signed an agreement with China to strengthen cooperation on the Belt and Road Initiative, aiming to expand the city-state's involvement in massive infrastructure projects led by Chinese companies. The two sides inked a memorandum of understanding in Beijing on Sunday to set up a governmental working group tasked with formulating plans for greater collaboration between companies from both countries in third-country markets covered by the Belt and Road initiative. Singapore and China will also work with financial institutions in the two countries to assist with financing and consulting needs. The understanding was signed by Singapore's National Development Minister Lawrence Wong and Zhang Yong, China's National Development and Reform Commission vice chairman. Chinese Premier Li Keqiang and Singapore's Prime Minister Lee Hsien Loong were also at the signing ceremony...

Full article: https://asia.nikkei.com/Politics/International-Relations/...

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