On July 5, 2012, Chinese Vice Premier Li Keqiang met with visiting Singaporean Deputy Prime Minister Teo Chee Hean in Ziguangge, Zhongnanhai.

Li said relations between the two countries, especially their pragmatic cooperation had developed well since the forging of diplomatic ties. Both sides have always given top priority to developing their relations and combined bilateral cooperation with their respective national characteristics, advantages and development strategy. They have achieved fruitful results and realized mutual benefits and win-win outcome, he added. Singapore is currently China's third largest trading partner in ASEAN and the two countries are each other's important source of foreign investment. "We hope to work closely with Singapore to strengthen political mutual trust, reinforce the social foundation and advance the construction of the Suzhou Industrial Park and Tianjin Eco-City," Li said. China hopes the two sides will seek cooperation in China's efforts to expand domestic demand and boost the development of its central and western regions, Li said. Li called on both sides to expand common interests and achieve all-round development of political security links and trade cooperation.

Regarding China-ASEAN cooperation, Li said China supports the leading role of ASEAN in East Asia cooperation, and hopes to cooperate closely with countries in the region, including Singapore, to boost regional solidarity, in particular, peace and stability in East Asia. He called for efforts to promote cooperation among all countries in the region on the basis of equality and mutual benefit and contribute to stability and prosperity of the region and the world at large.

Teo said the two countries have their own advantages and present opportunities for each other, adding his country hopes to deepen exchanges and cooperation with China and learn from each other's development experience to push the ties to a new level.