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West is best: Chongqing wins bid for Singapore business park as Xi promotes development of western China
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Chongqing has emerged triumphant in a battle between three mainland cities to host Singapore’s third development project on the mainland.
The decision was announced at a state banquet on Friday night by President Xi Jinping, hours after he arrived for his first visit to the city state in his official capacity as leader.
Chongqing, which hit the headlines in 2012 due to the disgrace of its Communist Party boss Bo Xilai, saw off Chengdu and Xian to host the government-led development – a business park and residential project themed on “modern services and connectivity”.
The project was crucial to Xi’s signature plan to boost trade and development across Eurasia, analysts said.
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