Singapore is the second most attractive destination for foreign direct investment (FDI) flows from China, said an index compiled by the Economist Intelligence Unit (EIU).
The US topped the EIU rankings and Hong Kong ranked third.
The EIU said Singapore and Hong Kong scored for their favourable business environments, openness to trade and strong cultural links with China .
Both have high levels of GDP per capita and while not large, they make excellent bases for Chinese firms to access regional and global markets, thanks to good transport infrastructure and open economic policies.
According to Singapore’s Department of Statistics, China ’s FDI in Singapore rose from 38 million USD in 2004 to nearly 3.3 billion USD in 2011.
By the end of 2011, China’s FDI accumulation in Singapore reached 10.9 billion USD, accounting for nearly 50 percent of its total FDI in Southeast Asia.-VNA
The US topped the EIU rankings and Hong Kong ranked third.
The EIU said Singapore and Hong Kong scored for their favourable business environments, openness to trade and strong cultural links with China .
Both have high levels of GDP per capita and while not large, they make excellent bases for Chinese firms to access regional and global markets, thanks to good transport infrastructure and open economic policies.
According to Singapore’s Department of Statistics, China ’s FDI in Singapore rose from 38 million USD in 2004 to nearly 3.3 billion USD in 2011.
By the end of 2011, China’s FDI accumulation in Singapore reached 10.9 billion USD, accounting for nearly 50 percent of its total FDI in Southeast Asia.-VNA
