05 Feb '11, 9am

S'pore-China trade up 25% to S$95.3b

SINGAPORE: Singapore-China economic relations continue to grow with two-way trade in 2010 rising more than 25 percent to S$95.3 billion. Trade and Industry Minister Lim Hng Kiang said this at a Lunar New Year reception organised by the Singapore Business Federation and Singapore Chamber of Commerce and Industry (SingCham). He said China is currently Singapore's third largest trading partner, the second largest source of tourist arrivals, and top investment destination. Mr Lim said many Singapore firms are aware of China's immense potential as the world's largest consumer market and have, over the years, made inroads into the Chinese market. In November last year, IE Singapore opened its newest Overseas Centre in Wuhan in Hubei Province. Mr Lim said Singapore companies can also leverage on the seven business councils, co-chaired by Singapore and China, to further their inte...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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