S'pore investment in China

S'pore investment in China

BEIJING (AFP): Singapore has become the fifth largest investor in China, pumping more than US$1.3 billion into the country in the first half of 1994, a report said yesterday.

Actual Singaporean investment in China totaled $1.321 billion in the first six months, with the number of Singapore-funded projects more than doubling to 3,834, compared to 1,751 in 1993, the Xinhua news agency said.

The figure ranks Singapore as China's fifth largest investor, behind Hong Kong, Taiwan, Japan and the United States.

Some 80 percent of Singaporean investment is in the real estate sector, including industrial parks, office buildings, apartments, hotels and commercial centers.