Singapore, China sign Belt and Road MOU on greater collaboration

Singapore

SINGAPORE and China signed a Memorandum of Understanding (MOU) in Beijing on Sunday to promote greater collaboration between Singapore and Chinese companies in third-party markets along the Belt and Road.

The Belt and Road Initiative (BRI) is a mega project initiated by China to connect countries across Europe, Africa and Asia together via ancient land and sea trade routes.

Minister for National Development and Second Minister for Finance Lawrence Wong and the People's Republic of China's (PRC) National Development and Reform Commission (NDRC) Vice Chairman Zhang Yong signed the MOU in the pre…