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Trade

China, Singapore economic and trade co-op maintains steady growth in Jan.

March 06, 2019


Abstract : The trade and economic cooperation between China and Singapore presented a steady performance in January, the Economic and Commercial Counsellor's Office at the Chinese Embassy in Singapore announced Monday.

中国与新加坡经贸合作

BEIJING, March 6 (Xinhua) -- The trade and economic cooperation between China and Singapore  presented a steady performance in January, the Economic and Commercial Counsellor's Office at the Chinese Embassy in Singapore announced Monday.

According to the announcement, the goods exports and imports between China and Singapore in January grew by 3.8 percent year on year to 7.6 billion U.S. dollars.

Among it, China's exports to Singapore amounted to 4.74 billion U.S. dollars, up 17.2 percent from the last year, while its imports from Singapore reached 2.86 billion U.S. dollars, down 12.7 percent from the last year.

Besides, China's non-financial direct investment to Singapore in January jumped by 28.7 percent year on year to 410 million U.S. dollars. Projects with direct investment from Singapore in China during this month rose by 65 percent year on year to 99, with actual investment registering 530 million U.S. dollars.

In terms of project contracting, the newly-signed contracts by China in Singapore valued 540 million U.S. dollars.

As for labor service cooperation, the number of workers sent by China to Singapore reached 1,643 in January, making the total number of Chinese workers in Singapore exceed 96,000 as of the end of January. (Edited by Gu Shanshan)

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Keyword: China-Singapore foreign-trade

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