it's a packed house, as the 4th china-singapore trade in services innovation forum kicks off in shanghai. [photo/wechat account: sipacnc]
the 4th china-singapore trade in services innovation forum was held on nov 7, as an important side activity of the 4th china international import expo or ciie – which ran on nov 5-10 in an exhibition and convention center in east china's shanghai city.
an agreement is signed at the event between singapore's consul-general in shanghai chua teng hoe and wu qingwen, deputy party secretary of suzhou. [photo/wechat account: sipacnc]
wu qingwen, deputy party secretary of suzhou city in east china's jiangsu province and chua teng hoe, consul-general of singapore in shanghai signed a memorandum of cooperation on service industry development between the suzhou municipal government and the singapore ministry of trade and industry.
meanwhile, the bank of communications signed a strategic contract with suzhou industrial park. in addition, three groups of representatives from 21 enterprises signed a collective contract.
the value of service trade imports and exports in 2020 in suzhou industrial park is estimated to have topped $10 billion. of that, foreign exchange receipts and payments – for emerging services represented by intellectual property services and telecommunications, computer and information services – accounted for about 70 percent of the total.
a roundtable brainstorming session – themed on the "vision under the new pattern of shanghai-suzhou integrated development: digital technology reengineers the global industrial chain" – is also held during the forum. [photo/wechat account: sipacnc]
the productive service trade sector, featuring research and development design, third-party logistics and inspection certification is growing fast in suzhou.
since 2021, the service export of the industrial park has grown rapidly, generating a trade surplus of nearly $800 million.