Singapore companies looking to Chinese province Liaoning for growth
Published on Jul 3, 2014 11:41 AM
SINGAPORE - Companies from Singapore are making inroads into China's northeast province of Liaoning, according to trade promotion agency International Enterprise (IE) Singapore.
The agency has helped four Singapore firms - Ascott Residence Trust, Crestar Education Group, MapleTree and Q&M Dental Group - to expand their presence in the province, it said in a statement on Thursday.
IE Singapore noted that as China steers its economic growth model towards greater domestic consumption, there has been a progressive shift in Liaoning's economic landscape to focus more on the services sector.
This shift has been buoyed by the increasing demand for quality services from a more affluent population and a growing foreign community, it added.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!