Singapore is looking to build trade ties with central China, opening a branch of its trade-focused International Enterprise Singapore in Wuhan, capital city of Hubei province. The Singapore Economic Development Board will occupy the same space.

Organizers hope the new center will provide mutual benefits to each country: Singapore businesses can learn more about the central Chinese market and local Chinese companies can gain expertise in dealing with international customers. As of 2009, there had been 287 cumulative Singaporean projects in Hubei province and current direct investment stood at US$138 million.

The new branch is IE Singapore’s tenth Overseas Center in China; there are others in Beijing, Chongqing, Dalian, Shanghai, Chengdu, Qingdao, Hong Kong and Ghangzhou. As well as Hubei, the new center will also look at trade and investment issues in Hunan and Jiangxi provinces.

source & article: Xinhua/People’s Daily