Much room for China-ASEAN economic cooperation (2)

Peter and Seet both said ASEAN enterprises should learn to adapt to the new business environment in China as the country upgrades its economic growth pattern.

At the same time, the ASEAN also welcomes more investment programs from Chinese enterprises, according to the attendees of the news briefing.

Tan Lui Hai, economic counselor at the Singaporean Embassy to China, said Chinese investment in Singapore is diversified, but the amount is relatively small.

He said Singapore, a country that presents few language and cultural barriers to China, welcomes more investment, especially from Chinese small and medium-sized enterprises (SMEs).

The development of China's service industry will create new business opportunities for service-savvy Singaporean enterprises, and the mature investment environment in Singapore can also facilitate Chinese investment programs, according to Tan.

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