- POSTED: 03 Jul 2014 11:37
Manpower Minister is in Liaoning, China, on a business trip from July 2 to 6 to help broaden economic ties with the province in North-East China.
SINGAPORE: A business delegation, led by Manpower Minister Tan Chuan-Jin, will be in Liaoning, China, from July 2 to 6 (Wednesday to Sunday) to explore partnership opportunities in the province's services sector.
According to a statement by International Enterprise (IE) Singapore on Thursday, the delegation includes seven Singapore companies and officials from IE Singapore. Mr Tan is visiting in the capacity of Singapore Co-Chairman of the Singapore-Liaoning Economic and Trade Council.
Said Minister Tan, “Singapore companies that are not familiar with Liaoning have generally considered it to be a relatively faraway region with limited potential. This is not true. Being the most developed province gateway to the region and provides good opportunities. In close proximity to Japan and South Korea, the population’s exposure to these sophisticated markets and their growing affluence have created a demand for quality services. This is an area that Singapore companies have much to offer.”
During the trip, he will attend the opening ceremonies of Aoxin Q & M Children Dentistry Centre and ELFA Shenyang Silver River City Preschool, as well as witness the signing of Mapletree's memorandum of understanding with Shenyang Yuhong District Government to develop a logistics park.
The minister will also call on Liaoning Deputy Party Secretary and Acting Governor Li Xi and Shenyang Mayor Chen Haibo, among other Chinese officials, the statement said.
Bilateral trade between Singapore and Liaoning grew 40.2 per cent to reach US$4.1 billion (S$5.1 billion) in 2013. In the same year, investments by Singapore companies into Liaoning increased by 198 per cent to US$1.1 billion, IE Singapore said. Singapore’s cumulative actual investments into the city amounted to US$4.3 billion with a total of 904 projects as of end-2013.