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During Xi's visit to Singapore, top leaders of the two countries had candid, cordial and in-depth discussion on bilateral ties as well as regional and international issues of common interest, and reached broad consensus in many areas, according to a joint statement issued at the end of Xi's state visit.

According to data from China's customs, China is now Singapore's biggest trading partner with two-way trade hitting 79.74 billion U.S. dollars in 2014.

This fully agrees with the Chinese approach, given that China and other emerging economies had served as the locomotive for world economic growth for several years following the global financial crisis in 2008. They may be crucial in the face of the current challenges too.

In contrast, since Japanese Prime Minister Shinzo Abe returned to power in 2012, Japan's relations with the two neighbors soured.

In an address at the business summit, the Chinese premier called on the three sides to implement the trilateral agreement for promotion, facilitation and protection of investment, which was signed last year to tap the potential of mutual investment among them.