China's manufacturing network, technological capabilities and research and development offer Singapore firms opportunities to improve their products, lower costs and expand internationally.
SUZHOU, Jiangsu: Singapore companies looking to expand into China should focus on growth sectors such as smart technology, advanced manufacturing and the green economy, said Enterprise Singapore (EnterpriseSG).
Mr Kow Juan Tiang, the statutory board's executive director for China, said opportunities remain abundant for firms offering innovative solutions.
He added that China's vast market, manufacturing capabilities and supply chains could also serve as a springboard for expansion into Southeast Asia and beyond.
“(China) is a very large market that is still showing significant growth, and that represents a lot of opportunities for Singapore companies to expand,” he said during a media trip organised by the agency.
“It’s very important for us to know our core capabilities and the value proposition that we have.”
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