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