Greater access to China market promised but local partners still the best way in: Singapore firms

Singapore companies said forming a joint venture with Chinese companies is still generally the most viable option to penetrate the vast Chinese market, with its nearly 1.4 billion population.
Singapore companies said forming a joint venture with Chinese companies is still generally the most viable option to penetrate the vast Chinese market, with its nearly 1.4 billion population.PHOTO: AFP

SHANGHAI - Singapore companies in China welcome Beijing's promises to further open up its market, which could make it easier for them to expand their businesses.

But even if rules are relaxed to create a more conducive environment for foreign investors, some say tie-ups with strong local partners are still key to winning projects in the world's No. 2 economy.

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