29 Jun '11, 2pm

Singapore's investments in Guangdong up 40% last year

Singapore's investments in Guangdong up 40% last year

SINGAPORE : Singapore's investments into Guangdong last year was about S$570 million (US$460 million), nearly 40 per cent more than the year before. Transport Minister Lui Tuck Yew, who is in Guangdong, said the investments were in about 72 projects. Mr Lui leads a 77-member delegation to Guangdong, Singapore's top trading partner in China. He co-chairs the Singapore-Guangdong Collaboration Council with Guangdong's Vice-Governor. Both parties said the Sino-Singapore Guangzhou Knowledge City is a priority project. 13 MOUs have been signed, including one to introduce electric cars into the city. A working committee is being set up to promote its development. The committee will bridge communications and exchanges between relevant parties, as well as troubleshoot problems, should any arise. Mr Lui said: "There's a learning city, there's a design city. So for design for instanc...

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

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