Singapore (VNA) – Singaporeand China’sShenzhen city on June 17 inked eight memoranda of understanding (MOU) insupport of their Smart City Initiative (SCI) that was agreed upon last year.
With the aim ofconnecting business ecosystems and strengthening links between Singapore and China'stech capital, SCI will allow both sides’ businesses and people to tap into theopportunities available in Guangdong-Hong Kong-Macau Greater Bay Area and Southeast Asia.
As part of theinitiative, a new Asian small-and medium-sized enterprise (SME) hub will be putinto operation by July 2020, which is expected to connect about 4 millionChinese businesses with 50 Singaporean SMEs selling protective equipment and officesupplies./.