The third intergovernmental cooperation project between China and Singapore, the China-Singapore (Chongqing) Strategic Connectivity Demonstration Project (hereinafter referred to as the China-Singapore Connectivity Project), has entered its second five-year period. Sun Xiyong, deputy director of the Chongqing China-Singapore Demonstration Project Administration Bureau, said at a press conference on July 2 that China and Singapore will step up cooperation in five areas, including the construction of the "dual corridor".

On the same day, Chongqing China-Singapore Demonstration Project Administration and Chongqing Yubei District government signed a strategic cooperation agreement. Following the press conference, Sun Xiyong made the aforementioned introduction. First, China and Singapore will be deeply integrated into the Belt and Road Initiative and the construction of the Chengdu-Chongqing double-city economic circle, promote the full coverage of the China-Singapore cross-border financing channel in western China, actively explore cooperation in third-party markets, and better promote the connectivity between western China and ASEAN, he said.

Second, we will work harder to build the "Double Corridor". Chongqing and Singapore jointly worked out and organized the implementation of an international cooperation plan on the China-Singapore Land and Sea Corridor. Relying on the China-Singapore international data channel, we will explore the establishment of a safe and orderly cross-border data flow mechanism between Chongqing and Singapore, and encourage other ASEAN countries and countries along the "One Belt And One Road" to participate in cooperation and co-construction.

Third, the two sides will continue to step up cooperation in key areas such as financial services, aviation, transportation and logistics, and information and communications to attract more market players, especially large and well-known enterprises.

Fourth, focusing on the theme of "modern connectivity and modern service economy", the two sides should expand cooperation in agricultural trade, scientific and technological innovation, cultural tourism and other areas, give full play to the main role of key regions, counties and industrial parks and create more platforms for visual cooperation.

Fifth, we will further promote institutional opening and further enhance the radiative, driving and exemplary nature of our projects.

Yubei District is an important host for China-Singapore connectivity projects. According to Yang Tan, deputy district chief of Yubei District government, Yubei District has introduced 15 key cooperation projects such as China-Singapore Airport Commercial Company and Xiangfeng Ruisheng Equity Fund.

After the signing of this cooperation agreement, Chongqing China-Singapore Demonstration Project Administration and Yubei District will integrate to build China-Singapore (Chongqing) International Aviation Logistics Demonstration Area. With Xiantao Data Valley as an important carrier, the China-Singapore (Chongqing) Big Data Intelligent Industry Demonstration Base will be built by gathering China-Singapore cooperation demonstration projects in the field of information and communication through the convenient and active China-Singapore international data channel. The two sides will conduct all-round cooperation in financial services, aviation, transportation and logistics, information and communications, education and training and other fields.