The value of the business cooperation and cross-border financing projects agreed under the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity amounted to US$20.7 billion and US$13.1 billion, respectively, said the report released by the initiative's management bureau.
The agreements signed under the initiative mainly fall into four categories: financial services; air transportation; logistics; and information and communication technologies.
By the end of last year, nine provincial-level regions, including Sichuan Province, Guangxi Zhuang Autonomous Region and Xinjiang Uygur Autonomous Region, had raised over US$5.5 billion from the cross-border financing projects.
The China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity aims to conduct pilot cooperation in various fields.
It is the third such cooperation initiative between China and Singapore, following the Suzhou Industrial Park established in China's eastern province of Jiangsu in 1994, and the Tianjin Eco-city inaugurated in 2008 in north China. - Xinhua