SINGAPORE – Singapore companies are shrugging off short-term headwinds and keeping their eye on the long game as they continue to expand in China.
About 250 firms tapped the agency’s Market Readiness Assistance Grant to enter the Chinese market in 2023 – 50 per cent up on 2022 and more than in pre-Covid-19 2019. Beijing has also been introducing new measures to attract foreign companies and investment, including expanding market access and implementing policies to remove barriers on foreign investment in the manufacturing sector.Companies in industries such as construction, retail and wholesale, architectural and urban planning services, and technical testing and analysis services, would not be subjected to foreign equity caps, Mr Kok said.a bright start to the year amid an uneven recovery.
OCBC China chief executive Ang Eng Siong told ST that China provides opportunities with its core markets in Asean.
Source: Financial Digest (financialdigest.net)
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