National Development Minister Desmond Lee sees China's recent measures to stimulate its economy as a positive sign for Singaporean firms operating in China. He highlighted the signal of China's commitment to reinvigorate growth during his visit to China, emphasizing the benefits for Singapore's open economy.
TIANJIN – China ’s flurry of measures announced this week to boost its economy is a positive sign for Singapore firms interested in China , said National Development Minister Desmond Lee.
Mr Lee is accompanied by Senior Minister of State for Foreign Affairs and National Development Sim Ann. Mr Lee, who is also Minister-in-charge of Social Services Integration, had earlier met Chinese Minister of Housing and Urban-Rural Development Ni Hong in Beijing on Sept 25. According to the Tianjin Municipal Bureau of Commerce, Singapore has set up 1,165 foreign-invested enterprises in Tianjin, and ranks fifth overall with US$11.73 billion in foreign capital. There are about 14,000 foreign enterprises in Tianjin.
Launched in 2008, Tianjin Eco-City is the second government-to-government project between Singapore and China and now houses more than 150,000 residents, up from just 10,000 in 2012.
China Singapore Economy Trade Business
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore-washing: How global companies from China are setting up shop in connector countries like Singapore to expand their reach'Singapore-washing' is a strategy that allows firms from China to repurpose or dilute their identity
Read more »
Foreign Firms Drive High-Paying Jobs in SingaporeSingapore's strong economy relies heavily on foreign-owned firms, which create a significant share of high-paying jobs. These companies often use Singapore as a base to serve larger overseas markets, necessitating the creation of high-skilled positions. Economists highlight the importance of FDI and multinational corporations in driving job growth and skills development.
Read more »
Foreign-owned firms employ an outsized share of high-earning Singapore residents: MOM dataThey account for six in 10 of the high-earning jobs held by Singapore residents here.
Read more »
Foreign-Owned Firms Employ High Percentage of Singapore Residents in Top Earning JobsA new report by Singapore's Ministry of Manpower (MOM) reveals that foreign-owned firms employ 60% of residents in high-earning jobs, despite accounting for only 20% of all firms. The data highlights the importance of attracting foreign investment and talent, while also addressing concerns about job security for local workers.
Read more »
Singapore firms upbeat about opportunities in Chinese city of Tianjin: Desmond LeeDuring his visit to the Chinese city of Tianjin, Singapore's National Development Minister Desmond Lee met Tianjin's Party Secretary Chen Min'er to discuss further ways to collaborate. These include a potential dedicated workforce to help Singapore businesses integrate better into Tianjin.
Read more »
Singapore firms eye under-tapped India and Middle East markets for overseas expansionSBF and HSBC have joined hands to support the businesses in their efforts.
Read more »