Tuesday, December 21, 2010

Singapore and Shanghai for the first half of the bilateral trade amounted to $ 61 billion has been

China economic NET, 11 Singapore hearing: according to the Singapore International Enterprise Development Council's latest statistics, Singapore and Shanghai, bilateral trade in the first half of this year reached 47.4 million (s $ 61.1 kg), an increase of 45%.

As of the first half of this year, the Singapore enterprise in Shanghai investment project number 2944, cumulative contract investment of $ 85.8 billion. In the first half of the year only the new investment projects of up to 73.

Singapore investment project in Shanghai has always been to the real estate industry, the hotel industry, electronic industry, trade and logistics, IT, manufacturing, legal, health care and education. In addition, many of Singapore's business is business headquartered in Shanghai.

International Enterprise Singapore Board China Division officials describe media interview, with Shanghai consumers becoming increasingly rich, retail sales, the ratio of growth over the past few years are on the rise, their high-end products and services of the surge in demand, such as Singapore's retailers, restaurants and hotels, and other enterprises to create a lot of opportunities.

In order to seize these opportunities, while more Singapore enterprises into China, Singapore Business Development Bureau in Guangdong, Shanghai and Beijing organized a "food is Singapore" diet promotions. "Food" is Singapore's 21 food enterprises in Shanghai's easy to buy and Carrefour supermarket had a half-month promotional campaign aimed at promotion of Singapore's food industry.

At the same time, Singapore Business Development Council officials say they will organize fashion retail and restaurant areas of the commercial mission to Shanghai, the specific understanding of market potential, and to further promote Singapore fashion and food and beverage concept.

Currently, Singapore has many enterprises in the above-mentioned areas entered the Shanghai market. For example, CHARLES & KEITH shoe shop in April in Shanghai of Raffles City opened its first concept store, and the inherent in the medium-term plan and the creation of Shanghai 5 branches and gradually extended to other regions in China. In May this year, Singapore's Chase travel also opened in Shanghai "Yu? Shanghai", this is a theatre-style restaurant, with a rooftop garden. In addition, Chase travel also opened in Shanghai art boutique hotel "with" Kevin ".

In addition, Shanghai has gone beyond Singapore became the world's busiest container port, this year the first eight months of throughput reached 1907 million, for the first time beyond Singapore. International Enterprise Singapore Board officials believe that with the rapid development of Shanghai to Singapore enterprises provides more display space, but at the same time, the challenges also exist side by side, for example market saturation and costs increase.

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