CNA Singapore PM Lawrence Wong urges China to champion open, rules-based trade as global tensions rise

China can be a strong advocate for open and rules-based trade in a time of growing global fragmentation, Singapore’s Prime Minister Lawrence Wong said in a keynote speech at the opening plenary at the Boao Forum for Asia on Thursday (Mar 26).

China also has a larger role to play in supporting Asia’s prosperity and stability, with its vast domestic market serving as a powerful engine of growth, he said. Mr Wong cited the Free Trade Port in Hainan – where Boao city is located – as a “concrete example of China’s commitment to openness” and its potential in shaping the region’s evolving economic architecture.

“We hope China will continue in this direction, supporting open markets and strengthening confidence in a predictable and stable global trading system,” said Mr Wong, who is also Singapore’s Finance Minister.

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