Singapore does not require external financing to develop its public infrastructure, but is still looking for taking part in the BRI.
In spite of delays, the China Myanmar Economic Corridor (CMEC) has become a core component of Myanmar’s national strategy.
Right after his African tour, in early January, Wang Yi flew to Southeast Asia to strengthen ties between China and four ASEAN countries.
The China-Southeast Asia Economic Corridor is an important component of the BRI and will link Yunnan Province to Singapore.
China and Singapore upgraded their Free trade Agreement. This FTA now mentions the Belt and Road Initiative.
Both countries also agreed to further develop the International Land Sea Trade Corridor (ILSTC) or Chongqing Connectivity Initiative.