Both Emeritus Senior Minister Goh Chok Tong and Chinese Premier Wen Jiabao agreed that good progress had been achieved in the Tianjin Eco-City and Suzhou Industrial Park projects in China.
The two leaders, who met on the sidelines of the 30th Annual Plenary Meeting of the InterAction Council this afternoon, noted the rapid growth of the Eco-city over the past few years.
The Tianjin Eco-City is jointly developed by the two countries to create a sustainable and environmentally friendly city in China. It aims to house 350,000 residents by 2020.
Financial cooperation had become a "new bright spot" in bilateral relations since this issue was discussed during Premier Wen's meeting with Mr Goh in April last year, and how cooperation in this area could boost trade and investment between Singapore and China.
The two leaders agreed that there is still room to expand bilateral cooperation, as Singapore and China should continue sharing experiences on how each country managed its development challenges.
The 3rd Singapore-China Forum on Leadership held in Beijing today would be a useful platofrm to enhance engagement and sharing of experiences, noted the two leaders.
The forum was led by Deputy Prime Minister Teo Chee Hean on the Singapore side and Minister of the
Organisation Department of the Chinese Communist Party Central Committee Li Yuanchao on the Chinese side.
During their meeting, Premier Wen also briefed Mr Goh on how China is tackling its development and structural challenges.