Officials of Chinese and Singaporean governments attended the 11th China-Singapore Joint Council for Bilateral Cooperation Meeting, the 16th China-Singapore Suzhou Industrial Park Joint Steering Council Meeting, and the 7th Sino-Singapore Tianjin Eco-City Joint Steering Council Meeting on October 27 in Suzhou. The chairmen of both sides, Zhang Gaoli, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and vice premier, and Singapore's Deputy Prime Minister Teo Chee Hean, presided over the three meetings.

The keynote speakers reviewed the achievements of cooperation programs and exchanged opinions on deepening economic transformation, cooperation in finance sector, promotion of personnel exchanges, and measure for sustainability. The participants also discussed and approved "The Report on Construction and Further Development of Suzhou Industrial Park", recognizing SIP's two-decade achievements and experience, and clarifying its future goals and tasks.

According to the resolution, SIP is to focus on bringing China-Singapore cooperation to the next level, improving quality and efficiency, creating new growth sources, enriching city functions, and increasing people's satisfaction. After achieving the development goals of the second decade, SIP is required to implement experimental reform policies, to bring into full play international cooperation, to introduce more active opening-up strategy, to explore more effective ways of promoting innovation, and to become a national role model of innovation and a regional innovation platform. The meeting also gives SIP green light in taking initiatives in such fields as technological innovation, finance, investment and trade, and regional function expansion.

After the meeting, Zhang Gaoli and Teo Chee Hean attended the agreement signing ceremony. The plaque for Singapore-China (Suzhou) Innovation Center was unveiled. SIP Administrative Committee and National University of Singapore (NUS) signed the agreement on deepening strategic partnership and building three facilities of NUS Business School China Business Centre, Lee Kuan Yew School of Public Policy Suzhou Centre, and the Institute of Real Estate Studies (IRES) Global Logistic Properties Research Centre.

Zhou Naixiang, deputy secretary of CPC Suzhou Municipal Committee and mayor of Suzhou, and Yang Zhiping, deputy secretary of CPC SIP Working Committee and director of SIP Administrative Committee, attended the press conference after the meeting chaired by Assistant Minister Wang Shouwen of Commerce. "SIP has obtained amazing achievements during the past two decades based on local conditions and by learning from Singapore, especially in introducing foreign capital, recruiting top talents, and developing advanced technologies," said Wang. Yang Zhiping said SIP would take the meeting as a milestone in its history "to experiment comprehensive reform policies, to build the world-class hi-tech industrial park, to make SIP a leading area of modernization in south Jiangsu Province, an upgraded economic and technological development zone, and a demonstrative area of CAFTA free trade cooperation".