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Provincial Leaders Meet
Deputy Prime Minister Wong Kan Seng of Singapore

Wong Kan Seng, Deputy Prime Minister of Singapore, led a delegation on a visit to Jiangsu Province from Dec. 12 to 17, and Li Chaoyuan, Secretary of CPC Jiangsu Provincial Committee, and Liang Baohua, Governor of Jiangsu, met the delegation respectively in Nanjing and Zhenjiang. Wong Kan Seng and Liang Baohua attended the project commencement ceremony of the first phase of Jiangsu Hengshun Condiments Food Co., Ltd., a Sino-Singapore joint venture with a production capacity of 500,000 tons of vinegar, in Zhenjiang.

Both Li Chaoyuan and Liang Baohua expressed warm welcome to the visit by Singaporean delegation. Li said that Jiangsu and Singapore had always maintained close ties and exchanges, and Jiangsu Province would firmly pursue the strategic goals set forth in the recently-held Provincial Party Congress to open to the outside world and expand cooperation with foreign countries. He said that the cooperation with Singapore was of great strategic significance.

Liang Baohua said that Jiangsu and Singapore had established relations of all-round cooperation and exchange, and the trade volume in the tow sides this year would exceed USD 8 billion. "Singapore is one of the earliest to invest in Jiangsu in large amounts with over 2,200 enterprises and USD 10.8 billion registered capital in the province. Satisfactory results have been achieved by Jiangsu in learning and adapting the experience of Singapore, such as shown in the eye-catching achievements of Suzhou Industrial Park through China-Singapore cooperation. The experience of SIP is now in wide application in Jiangsu Province," said Liang. He believed that the visit by Deputy Prime Minister Wong would push forward the cooperation between Jiangsu and Singapore in scope and depth.

Wong Kan Seng thanked Li Chaoyuan and Liang Baohua for the warm reception, and said that great progress had been made in cooperation between Singapore and China, and the consistent support of the government of Singapore for investment in China by Singaporean enterprises had reaped positive results. "We have made meticulous preparations for our current visit to Jiangsu, and it is our great pleasure to attend the project commencement ceremony in Zhenjiang. At the same time, we are keen on opportunities in other fields in Jiangsu to strengthen the relations of cooperation between the two sides."

Present at the meetings were Li Xiaomin, Secretary-general of the Provincial Government, Shi Heping, Secretary of Zhenjiang Municipal Party Committee, Mr. Chin Siat Yoon, Ambassador of Singapore to China, officials and entrepreneurs of Singapore in the delegation.

On the morning of Dec. 16, Governor Liang Boahua and Deputy Prime Minister Wong Kan Seng attended the project commencement ceremony of Phase One of the Sino-Singapore joint-ventured 500,000-ton vinegar Jiangsu Hengshun Condiment Food Co., Ltd. in Zhenjiang, and laid the foundation for the construction.

The joint venture is invested by Jiangsu Hengshun Group Co., Ltd., ?Singapore No.1 Food Co., Ltd., and Singapore Super Coffee and Beverage Co., Ltd. with total investment of USD 75 million and registered capital of USD 25 million in the first phase, in which the Chinese side holds 51% of the shares. The project is expected to go into operation by the end of 2007 with an annual capacity of 200,000 tons of vinegar. A Phase-II project will be implemented during the ?11th 5-year plan? period, and by then, the production capacity will rise to 500,000 annually with increased varieties to expand market shares and to turn Zhenjiang the largest production base of vinegar around the world.

Dec. 17, 2006


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