The Economic Development Board attributes the growth to investments made by Chinese firms that were “largely digital in nature”. Photo: AFP The Economic Development Board attributes the growth to investments made by Chinese firms that were “largely digital in nature”. Photo: AFP
The Economic Development Board attributes the growth to investments made by Chinese firms that were “largely digital in nature”. Photo: AFP
Singapore

Chinese firms catch up with US companies in value added to Singapore’s economy, fixed-asset investments hit 10-year high

  • New data shows firms from China make up 39.7 per cent of the US$23.4 billion expected to be added to the city state’s economy, with US companies accounting for 40.9 per cent
  • Meanwhile, Singapore recorded foreign investments of US$12.9 billion in facilities, equipment and machinery last year, despite being mired in its deepest recession since 1965

Topic |   Singapore
The Economic Development Board attributes the growth to investments made by Chinese firms that were “largely digital in nature”. Photo: AFP The Economic Development Board attributes the growth to investments made by Chinese firms that were “largely digital in nature”. Photo: AFP
The Economic Development Board attributes the growth to investments made by Chinese firms that were “largely digital in nature”. Photo: AFP
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