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BEIJING : The National University of Singapore and Tsinghua University have jointly set up a new research centre.
Its aim is to advance the frontier of search technology, and explore the commercialisation of technologies to companies in Singapore, China and beyond.
The new facility is known as the NUS-Tsinghua Extreme Search Center or NExT - where N stands for NUS, Ex for Extreme and T for Tsinghua.
Its launch follows a meeting of the Joint Council for Bilateral Cooperation held in Beijing on Friday.
During his trip, Singapore Deputy Prime Minister Wong Kan Seng also called on Vice-President Xi Jinping.
The Chinese leader described bilateral relations with Singapore as being marked by high level exchanges and political trust.
The Joint Council for Bilateral Cooperation was co-chaired by Chinese Vice-Premier Wang Qishan and Mr Wong.
Bilateral relations have been described as strong, broad-based and comprehensive.
Apart from progress made in the Suzhou Industrial Park and the Tianjin Eco-city projects, both sides have also worked on setting up a food zone in Jilin and a knowledge city project in Guangzhou.
Mr Wong said: "We also reviewed how it can go forward to take into account the experience it has gained, and a new economic environment, and how it can continue to keep up with the competition and how it can restructure itself."
Three agreements were signed - one on the avoidance of double taxation, another on a bilateral currency swap arrangement, and a film co-production agreement that is expected to pave the way for more tie-ups between the two countries, as they would enjoy the same access to government funding and treated as national productions.
With incentives and preferential treatment in place, the agreement will hopefully encourage more Singapore film makers to gain further access into the growing Chinese film industry which has reached over $900 million at the end of last year and is expected to reach over $2 billion by the end of 2015. - CNA/ms
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