Asian race
Southeast Asia has been an important hub of the "Maritime Silk Road" since ancient times. ASEAN countries are rich in tropical crops and mineral resources, which are highly complementary to China. The demographic dividend period is long, and the development of consumer goods, manufacturing and digital economy will be driven strongly in the future. China and ASEAN have established a high-level economic and trade partnership, become each other's largest trading partner, and two-way investment has grown steadily. The World Economic Outlook report released by the International Monetary Fund (IMF) in April 2021 showed that the total global GDP in 2020 was 84.54 trillion US dollars, the total population was 7.662 billion, and the per capita GDP was 11,033 US dollars. In 2020, among the 51 Asian economies (including 48 countries and Hong Kong, Macao and Taiwan), the per capita GDP of Singapore, Brunei and Malaysia in ASEAN countries exceeded 10000 US dollars, ranking among the top three in the world and Asia.
Singapore is an important financial, service and logistics center in Asia and even the world. Since its opening in 1819, its unique geographical location has made it one of the largest transshipment ports in the world. Its good national credit, perfect business environment and sound legal system have made it a leading international financial center in the world. At the same time, Singapore also has advanced manufacturing industries represented by electronics, energy and chemical industry and precision engineering, and is the fourth largest exporter of high-tech products in the world.
The service industry accounts for more than 70% of Singapore's total economy, represented by logistics, financial services and tourism. Singapore has been an important international trade port since the 13th century. With the advantages of an international trade port, relatively stable politics, sound laws and an open financial system, Singapore has become one of the most important financial trading centers in the Asia Pacific region.
Singapore is an important air transport hub in the Asia Pacific region and one of the most connected countries in the world. Half of the world's population is within Singapore's 7-hour flight circle. Changi International Airport is one of the busiest airports in the world, with flights to more than 100 countries and regions around the world. Singapore is the busiest port in the world, one of Asia's major entrepot hubs, and the world's largest fuel supply port. The port of Singapore has opened more than 200 routes, connecting more than 600 ports in 123 countries and regions. Singapore is currently the fourth largest financial center, the third largest foreign exchange trading market and the sixth largest wealth management center in the world.
Singapore and China have always had close contacts. Chinese Mainland is Singapore's largest trading partner (since 2013) and the largest source of tourists (since 2018). Due to the expansion of China's influence and other reasons, both China and Singapore attach great importance to and affirm China Singapore relations. Singapore supports China's the Belt and Road initiative. The two countries also have extensive cooperation in national defense, economy and trade, culture, education and other fields.
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