<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published September 5, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>China story still exciting: SM Goh
By CHUANG PECK MING
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SINGAPORE companies have invested US$38 billion in China as at end-2008 - and the mainland remains an exciting market for Singapore despite the global recession, according to Senior Minister Goh Chok Tong.
<TABLE class=picBoxL cellSpacing=2 width=100 align=left><TBODY><TR><TD>
</TD></TR><TR class=caption><TD>MR GOH
'As China's economy continues to develop and grow, new areas for cooperation will emerge.'</TD></TR></TBODY></TABLE>'As China's economy continues to develop and grow, new areas for cooperation will emerge,' he told Chinese News Services on the occasion of China's 60th anniversary.
One key area, given the fast pace of China's urbanisation, is 'urban solutions'. There is scope for China and Singapore to cooperate on integrated township development and environment management, according to Mr Goh.
'Many Singapore companies have strengths in these areas as they have participated in Singapore's own development,' he said.
Mr Goh said that Singapore is also ready to share its experience in sustainable development within a clean and green environment with China. That was why he had proposed to Chinese Premier Wen Jiabao to build an ecologically-friendly city in Tianjin, he said.
'Work on the Tianjin Eco-city is now in progress,' Mr Goh noted.
He said that the Singapore government has encouraged Singapore companies to band together to take on bigger projects in China. 'By amalgamating their strengths, our companies would be able to execute more complex projects than they are individually able to.'
China is currently Singapore's top investment destination and its third largest trading partner, after Malaysia and the European Union.
Singapore companies have sunk money in China's economy, ranging from manufacturing, property development, transport and logistics and environmental engineering, to banking and finance, health care and education.
'Through increased trade and investments, we not only create opportunities for companies from both our economies, but also help to foster growth beyond the immediate downturn,' Mr Goh said.
He also predicted that more Chinese companies will see Singapore as a valuable base for overseas expansion.
'Chinese companies with HQs and other activities in Singapore can leverage on our network of FTAs, connectivity with other economies, as well as efficient capital markets,' Mr Goh said.
So far, more than 2,650 Chinese companies have a presence in Singapore, with some 150 listed on the Singapore Exchange.
</TD></TR></TBODY></TABLE>
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>China story still exciting: SM Goh
By CHUANG PECK MING
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
</TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Feedback</TD></TR></TBODY></TABLE>SINGAPORE companies have invested US$38 billion in China as at end-2008 - and the mainland remains an exciting market for Singapore despite the global recession, according to Senior Minister Goh Chok Tong.
<TABLE class=picBoxL cellSpacing=2 width=100 align=left><TBODY><TR><TD>
</TD></TR><TR class=caption><TD>MR GOH'As China's economy continues to develop and grow, new areas for cooperation will emerge.'</TD></TR></TBODY></TABLE>'As China's economy continues to develop and grow, new areas for cooperation will emerge,' he told Chinese News Services on the occasion of China's 60th anniversary.
One key area, given the fast pace of China's urbanisation, is 'urban solutions'. There is scope for China and Singapore to cooperate on integrated township development and environment management, according to Mr Goh.
'Many Singapore companies have strengths in these areas as they have participated in Singapore's own development,' he said.
Mr Goh said that Singapore is also ready to share its experience in sustainable development within a clean and green environment with China. That was why he had proposed to Chinese Premier Wen Jiabao to build an ecologically-friendly city in Tianjin, he said.
'Work on the Tianjin Eco-city is now in progress,' Mr Goh noted.
He said that the Singapore government has encouraged Singapore companies to band together to take on bigger projects in China. 'By amalgamating their strengths, our companies would be able to execute more complex projects than they are individually able to.'
China is currently Singapore's top investment destination and its third largest trading partner, after Malaysia and the European Union.
Singapore companies have sunk money in China's economy, ranging from manufacturing, property development, transport and logistics and environmental engineering, to banking and finance, health care and education.
'Through increased trade and investments, we not only create opportunities for companies from both our economies, but also help to foster growth beyond the immediate downturn,' Mr Goh said.
He also predicted that more Chinese companies will see Singapore as a valuable base for overseas expansion.
'Chinese companies with HQs and other activities in Singapore can leverage on our network of FTAs, connectivity with other economies, as well as efficient capital markets,' Mr Goh said.
So far, more than 2,650 Chinese companies have a presence in Singapore, with some 150 listed on the Singapore Exchange.
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