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The two sides will strengthen their Blue Partnership to facilitate marine cooperation and grow marine economy for their own countries, according to the joint statement.
MANILA, Nov. 21 (Xinhua) -- Chinese President Xi Jinping on Wednesday concluded a seven-day Asia-Pacific trip with reaffirmed Chinese commitment to open and inclusive cooperation, common development as well as a friendly neighborhood.
The country has cut tariffs for an array of products including vehicles, consumer products and industrial goods this year, lowering the overall tariff rate on imported goods from 9.8 percent last year to 7.5 percent. It has also relaxed foreign ownership restrictions in such sectors as automobiles and financial services.
China's commercial banks are also playing increasingly important roles in promoting bilateral financial cooperation with Singapore. Take the Bank of China for example, as of late July, its Singapore branch has raised an accumulated more than 16 billion U.S. dollars of fund for financing BRI projects.
"This cooperation benefits both countries," Diokno said.
来源：资阳报