Tuesday, June 27, 2006

Investment: Singapore companies look beyond China's main cities

Ca-mie De Souza, Channel NewsAsia's China Correspondent, reports that Singapore companies are broadening their strategy in China by going beyond major cities.

The article cites the example of the port city of Yingkou, which has seen Singapore companies investing some US$4 million there so far.

The article also reports, "in what would be its first solo major investment in China, Singapore's Jurong Port wants to own and operate jointly two berths there, with the option of doubling that in future. It is in discussions with the Yingkou Port authorities on a joint venture".

Full article: Singapore firms broaden strategy in China by going beyond key cities