Singapore is offering up its financial industry to help bankroll China's ambition to develop a network of ports, railways, power plants and other projects across a broad swath of Asia, Europe and east Africa. By partnering on financial matters, Singapore appears to be looking to smooth recently strained ties with China and profit from the Asian giant's rising global aspirations. "Singapore has been a believer in China's rise," Singapore Foreign Affairs Minister Vivian Balakrishnan said after meeting with Chinese officials in Beijing on Monday. "In the face of a sluggish global economy and rising backlash against globalization, China and Singapore as champions of regional integration need to work together," Wang said. That means underlying tensions are likely to continue between China and Singapore, Chong suggested.

Source: Fox News June 12, 2017 09:10 UTC