Signaling crucial role of Singapore

A crucial part of the 21st Century Maritime Silk Road, Singapore is the foreign country that has invested the most in the Guangxi Zhuang autonomous region. Trade between the two sides soared to $700 million in 2013 from $20 million in 2004.

"Singapore plays a critical role in the Maritime Silk Road as an important hub for aviation and maritime transport, logistics, finance, as the second largest renminbi off-shore settlement center and a major commodity trade center," said Teo Siong Seng, chairman of the Singapore Business Federation.

Teo believes that China can use Singapore as a springboard to reach the rest of Southeast Asia, India and even Africa. The two countries may also collaborate to look for opportunities in other countries.