Guiyang city expands exchanges with Singapore

Southwest China's Guiyang city -- commonly known as China's Data Valley – is looking to step up its commercial business and trade with Singapore, after the city established a regular communications mechanism with the city state on Sept 17. 

Witnessed by both representatives from officials of the Guiyang commerce bureau and a delegation led by Pamela Tang, vice-consul (commercial) of the Consulate-General of the Republic of Singapore in Guangzhou, the mechanism was agreed during a meeting between the two sides. 

The meeting centered on exploring more trade and commercial business and the new mechanism aimed to attract more Singaporean companies to come and settle in Guiyang and help Guiyang's efforts to "going global". 

Guiyang is expected to give a full play of its geographic advantages as Southwest China's logistic hub and explore more cooperation opportunities. This will promote the land-sea trade corridor in its next stage, mainly focusing on port logistics, medical health, and culture and tourism, according to the mechanism. 

Tang Rong, deputy director of the Guiyang commerce bureau, emphasized the city's plan to develop 100 stores and 1,000 shops, as well as its actions to construct coral business districts. 

Singapore's Pamela Tang expressed her willingness to cooperate with Guiyang and coordinate more companies to settle in Guiyang, after introducing the economic environment and corporative strengths of Singapore. 

Statistics from the customs office showed that from January to July 28 companies had trade connections with their Singaporean counterparts.

Bilateral trade between Guiyang and Singapore during the period reached $25.15 million, a year-on-year increase of 102.19 percent -- accounting for 1.2 percent of the value of the city's imports and exports.