Singapore & Shenzhen: Gateway to Southeast Asia & China’s GBA

Here’s a summary of the key information from the provided text,focusing on the relationship between Singapore and Shenzhen:

Shenzhen’s Economic‍ Importance: Shenzhen is a major economic hub in China,home to tech giants and with a large GDP (third largest in China after Shanghai and Beijing).
Strengthening Cooperation: Leaders from ‍Singapore and Shenzhen discussed strengthening cooperation in areas like the digital economy, green economy, supply chains, healthcare, and biotech.
Existing Collaboration: The Singapore-China (Shenzhen) Smart City Initiative has been ⁤ongoing as 2019, aiming to boost digital connectivity and innovation.
Investment Flows: Investment between the two cities is⁢ growing. Shenzhen companies increased investment ‍in Singapore from US$450‍ million (2024) to US$640 million (first⁢ half of ⁣2025). Singapore firms invested US$410 million in Shenzhen ⁢(2024) and US$270 ⁤million (first half of 2025).
Continued Investment: ⁣ Despite economic headwinds in China, Singapore remains confident in⁣ China’s long-term potential and its companies are keen to continue ⁢investing.
Gateway Roles: Both cities see themselves as gateways – Shenzhen to the Greater Bay ⁢Area and Singapore to Southeast Asia. They aim to ⁤work together to connect these regions.
Growth Triangles: ⁤The discussion included leveraging growth triangles like the⁣ Sijori Growth Triangle (Singapore, Johor, Riau Islands) to attract investment. Singapore and Shenzhen could potentially act as a bridge between the greater Bay Area and the Sijori region.
Beyond Economics: Cooperation is⁤ also being explored in tourism and people-to-people exchanges.
* Tourism: Singapore is currently Shenzhen’s largest source of foreign visitors (as of 2025).