S'pore well-positioned to reap gains in Belt & Road: Shanmugam

Singapore

HAVING recognised early on the benefits of China's One Belt, One Road initiative, Singapore has actively supported it and is well-positioned to make gains from it, Home Affairs and Law Minister K Shanmugam said in a lecture this morning.

Singapore's competitive advantage lies partly in the fact that it is well-governed, upholds the rule of law, has a highly educated population and is a respected financial centre and port, he said.

Singapore has also been an "active proponent" of China's growth since the opening up of the country in 1978, and was among the earliest supporters of China's Asian Infrastructure Investment Bank, which will fund projects under…