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Singapore firms bank on growing demand
By Maggie Zhang |
September 13, 2010, Monday
|
Print Edition
Print Edition
SINGAPOREAN companies are targeting several sectors in China, including food, educational and medical, as the country's continued economic growth will create demand among consumers for such services.
"We're targeting sectors like food, educational, clothing and medical services industries as China's consumption rises," said Liane Ong, regional director of East China Region of International Enterprise Singapore, yesterday in Shanghai. She added that these companies are interested in the consuming power of the Chinese as the country's economy expands.
As China stays on track to build up its economic power, consumers in major cities like Shanghai and Beijing are willing to pay more for imported quality food and drinks.
"We're targeting China's middle- and high-end clients," Ong said.
Sino-Singapore trade jumped 36.7 percent to S$46.6 billion (US$34.7 billion) in the first half of this year. Singapore firms have invested a total of US$43.3 billion.
"We're targeting sectors like food, educational, clothing and medical services industries as China's consumption rises," said Liane Ong, regional director of East China Region of International Enterprise Singapore, yesterday in Shanghai. She added that these companies are interested in the consuming power of the Chinese as the country's economy expands.
As China stays on track to build up its economic power, consumers in major cities like Shanghai and Beijing are willing to pay more for imported quality food and drinks.
"We're targeting China's middle- and high-end clients," Ong said.
Sino-Singapore trade jumped 36.7 percent to S$46.6 billion (US$34.7 billion) in the first half of this year. Singapore firms have invested a total of US$43.3 billion.
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